Marqeta (NASDAQ:MQ) Issues Quarterly Earnings Results

Marqeta (NASDAQ:MQ) released its quarterly earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01), Zacks reports. Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.08%. The business had revenue of $163.31 million for the quarter, compared to analyst estimates of $148.37 million. During the same period last year, the firm earned ($0.06) earnings per share. Marqeta’s revenue for the quarter was up 27.7% compared to the same quarter last year. Marqeta updated its Q4 2025 guidance to EPS.

Marqeta Price Performance

Marqeta stock traded down $0.25 during midday trading on Friday, reaching $4.63. 8,050,210 shares of the company traded hands, compared to its average volume of 5,967,787. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -57.88 and a beta of 1.49. Marqeta has a 12 month low of $3.47 and a 12 month high of $7.04. The business has a 50 day moving average of $5.25 and a two-hundred day moving average of $5.37.

Insider Activity at Marqeta

In other news, Director Jason M. Gardner sold 31,627 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $6.26, for a total value of $197,985.02. Following the transaction, the director owned 15,367,373 shares of the company’s stock, valued at $96,199,754.98. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Todd Pollak sold 116,493 shares of Marqeta stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the transaction, the executive directly owned 364,525 shares in the company, valued at $2,256,409.75. This represents a 24.22% decrease in their position. The SEC filing for this sale provides additional information. 12.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marqeta

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MQ. AQR Capital Management LLC purchased a new position in Marqeta during the 1st quarter valued at approximately $57,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Marqeta by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 279,103 shares of the company’s stock worth $1,150,000 after purchasing an additional 9,319 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Marqeta by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 925,547 shares of the company’s stock worth $3,813,000 after purchasing an additional 65,313 shares during the last quarter. Intech Investment Management LLC raised its stake in Marqeta by 22.1% during the first quarter. Intech Investment Management LLC now owns 288,114 shares of the company’s stock valued at $1,187,000 after purchasing an additional 52,219 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Marqeta by 8.1% in the 2nd quarter. Invesco Ltd. now owns 6,268,848 shares of the company’s stock worth $36,547,000 after buying an additional 471,631 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MQ shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Marqeta in a research report on Wednesday, October 8th. Zacks Research upgraded Marqeta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded Marqeta to a “hold” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Marqeta in a research report on Thursday, July 17th. They set a “hold” rating and a $6.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Marqeta from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.50.

About Marqeta

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.