Marqeta, Inc. (NASDAQ:MQ) Shares Sold by Brio Consultants LLC

Brio Consultants LLC decreased its holdings in Marqeta, Inc. (NASDAQ:MQ) by 20.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,932 shares of the company’s stock after selling 6,257 shares during the period. Brio Consultants LLC’s holdings in Marqeta were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. apricus wealth LLC purchased a new position in Marqeta in the fourth quarter worth approximately $51,000. Point72 DIFC Ltd purchased a new stake in shares of Marqeta during the 3rd quarter worth $57,000. CreativeOne Wealth LLC acquired a new position in shares of Marqeta during the third quarter worth $59,000. Castleview Partners LLC purchased a new position in Marqeta in the third quarter valued at $77,000. Finally, KBC Group NV raised its stake in Marqeta by 68.8% in the fourth quarter. KBC Group NV now owns 22,546 shares of the company’s stock valued at $85,000 after buying an additional 9,186 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MQ shares. Barclays reaffirmed an “equal weight” rating and set a $4.00 price objective (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Susquehanna dropped their price target on shares of Marqeta from $9.00 to $7.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. KeyCorp downgraded shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Marqeta from a “buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $4.00 in a research report on Tuesday, November 5th. Finally, William Blair cut shares of Marqeta from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.75.

Marqeta Price Performance

Shares of NASDAQ MQ opened at $3.85 on Friday. The stock has a fifty day moving average price of $3.82 and a 200 day moving average price of $4.59. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $7.36. The company has a market cap of $1.93 billion, a PE ratio of 192.50 and a beta of 1.52.

Marqeta (NASDAQ:MQ) last issued its earnings results on Monday, November 4th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $128.05 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. Analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

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.