Robeco Institutional Asset Management B.V. Lowers Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 33.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 900,000 shares of the company's stock after selling 450,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.18% of Marqeta worth $3,411,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its position in Marqeta by 0.7% in the 3rd quarter. Primecap Management Co. CA now owns 488,300 shares of the company's stock valued at $2,402,000 after purchasing an additional 3,627 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Marqeta by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 252,728 shares of the company's stock valued at $1,385,000 after purchasing an additional 5,515 shares during the period. KBC Group NV increased 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 purchasing an additional 9,186 shares during the period. Atria Investments Inc raised its holdings in shares of Marqeta by 32.7% in the third quarter. Atria Investments Inc now owns 37,485 shares of the company's stock valued at $184,000 after buying an additional 9,235 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Marqeta during the third quarter worth about $57,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Marqeta Price Performance

Marqeta stock traded down $0.07 during mid-day trading on Thursday, reaching $3.79. The company had a trading volume of 2,459,764 shares, compared to its average volume of 3,971,633. The stock's 50-day simple moving average is $3.82 and its 200-day simple moving average is $4.55. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $7.36. The company has a market capitalization of $1.90 billion, a P/E ratio of 189.50 and a beta of 1.52.

Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data 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 business's revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. On average, equities analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MQ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut Marqeta from a "buy" rating to a "hold" rating and dropped their price target for the company from $9.00 to $4.00 in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods cut their price target on Marqeta from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, December 2nd. Finally, Mizuho reduced their target price on shares of Marqeta from $7.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.75.

Marqeta Company Profile

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.