Tudor Investment Corp ET AL Has $7.42 Million Holdings in Marqeta, Inc. $MQ

Tudor Investment Corp ET AL increased its stake in Marqeta, Inc. (NASDAQ:MQ) by 1,078.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,405,491 shares of the company’s stock after purchasing an additional 1,286,258 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.32% of Marqeta worth $7,421,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Marqeta by 51.9% during the third quarter. Wellington Management Group LLP now owns 11,798,274 shares of the company’s stock valued at $62,295,000 after acquiring an additional 4,029,486 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Marqeta by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,450,737 shares of the company’s stock worth $44,624,000 after purchasing an additional 130,037 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Marqeta by 7.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,214,458 shares of the company’s stock worth $43,372,000 after purchasing an additional 587,863 shares during the last quarter. Invesco Ltd. boosted its stake in Marqeta by 3.4% during the 3rd quarter. Invesco Ltd. now owns 6,482,092 shares of the company’s stock valued at $34,225,000 after purchasing an additional 213,244 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in Marqeta by 181.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,470,202 shares of the company’s stock valued at $13,043,000 after purchasing an additional 1,591,801 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MQ shares. UBS Group dropped their price target on Marqeta from $5.00 to $4.25 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Mizuho reissued a “neutral” rating and issued a $4.50 price objective (down from $8.00) on shares of Marqeta in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (d)” rating on shares of Marqeta in a research note on Monday, December 29th. Wolfe Research lowered shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley cut their target price on shares of Marqeta from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Marqeta has an average rating of “Reduce” and an average price target of $5.14.

Marqeta Trading Up 3.7%

Shares of MQ stock opened at $4.23 on Tuesday. Marqeta, Inc. has a 12 month low of $3.47 and a 12 month high of $7.04. The company has a market capitalization of $1.81 billion, a P/E ratio of -141.00 and a beta of 1.48. The stock has a 50 day moving average of $4.14 and a two-hundred day moving average of $4.69.

Marqeta (NASDAQ:MQ) last issued its earnings results on Tuesday, February 24th. The company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $172.11 million during the quarter, compared to analyst estimates of $167.05 million. Marqeta had a negative return on equity of 1.62% and a negative net margin of 2.23%.Marqeta’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. Sell-side analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Marqeta

In other Marqeta news, Director Judson C. Linville bought 25,570 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were acquired at an average cost of $3.93 per share, for a total transaction of $100,490.10. Following the transaction, the director owned 104,220 shares in the company, valued at approximately $409,584.60. The trade was a 32.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 12.61% of the company’s stock.

About Marqeta

Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta’s infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.

Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.