Robeco Institutional Asset Management B.V. Sells 450,000 Shares of Marqeta, Inc. (NASDAQ:MQ)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 900,000 shares of the company’s stock after selling 450,000 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Marqeta were worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. apricus wealth LLC acquired a new position in shares of Marqeta in the 4th quarter worth approximately $51,000. Point72 DIFC Ltd bought a new position in Marqeta in the 3rd quarter valued at $57,000. CreativeOne Wealth LLC acquired a new position in Marqeta in the third quarter worth $59,000. Castleview Partners LLC bought a new stake in shares of Marqeta during the third quarter worth $77,000. Finally, KBC Group NV increased its stake in shares of 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. 78.64% of the stock is owned by institutional investors.

Marqeta Stock Performance

Shares of NASDAQ:MQ opened at $3.85 on Monday. The company has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $4.58. The company has a market capitalization of $1.93 billion, a PE ratio of 192.50 and a beta of 1.52. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $7.36.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $128.05 million. During the same period in the previous year, the business posted ($0.07) EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, sell-side analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

MQ has been the topic of a number of research analyst reports. Monness Crespi & Hardt lowered shares of Marqeta from a “buy” rating to a “neutral” rating and set a $7.50 price objective on the stock. in a report on Tuesday, November 5th. Wells Fargo & Company lowered their price target on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays reaffirmed an “equal weight” rating and set a $4.00 price objective (down previously from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on Marqeta from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Mizuho cut their price target on Marqeta from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.75.

Marqeta 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.