AtonRa Partners Trims Marqeta, Holdings by 21.5% in Q1
August 8, 2023
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Marqeta ($NASDAQ:MQ), Inc. is a public financial technology company that offers payment card issuing services and program management. It provides a platform that enables innovative card programs such as virtual cards, physical cards, and prepaid debit cards. The company is headquartered in Oakland, California and serves customers worldwide. According to the filing with the SEC, AtonRa Partners decreased its ownership in Marqeta, Inc. by 21.5% during the first quarter. This indicates that the company has shifted its focus away from the payment card issuer since its investment in the company last year.
It is not clear what prompted the move but it is likely due to the varying business conditions that have arisen amid the pandemic. The move by AtonRa Partners is a reminder that investors must remain vigilant when it comes to their investments. As Marqeta’s financial technology services industry continues to evolve in response to changing business conditions, investors should continue to closely monitor their holdings in order to make informed decisions about their investments.
Analysis
As GoodWhale, we conducted an analysis of MARQETA‘s fundamentals and found that according to Star Chart, the company has a high health score of 8/10 with regard to its cashflows and debt. This indicates that MARQETA is capable of safely riding out any crisis without the risk of bankruptcy. We further classified MARQETA as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this assessment, we believe that the type of investors that may be most interested in such a company include those who prioritize asset and growth potential while not being overly concerned about dividends or profitability. As such, MARQETA is seen as strong in asset and growth potential, while being comparatively weaker in dividend and profitability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marqeta. More…
| Total Revenues | Net Income | Net Margin |
| 799.45 | -192.98 | -24.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marqeta. More…
| Operations | Investing | Financing |
| -12.97 | 28.72 | -79.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marqeta. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.77k | 340.53 | 2.65 |
Key Ratios Snapshot
Some of the financial key ratios for Marqeta are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 73.5% | – | -28.0% |
| FCF Margin | ROE | ROA |
| -2.1% | -10.7% | -8.7% |
Peers
Marqeta Inc is a publicly traded company that provides payment processing solutions. The company’s competitors include Block Inc, Affirm Holdings Inc, and Fiserv Inc.
– Block Inc ($NYSE:SQ)
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock expanded into exchange traded funds (ETFs), mutual funds, and other asset classes in 2004. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Although the company is headquartered in the United States, a majority of its assets under management are from outside the country.
– Affirm Holdings Inc ($NASDAQ:AFRM)
Affirm Holdings Inc is a financial services company that offers installment loans to consumers. The company has a market cap of 5.18B as of 2022 and a Return on Equity of -19.16%. Affirm Holdings Inc offers its services through a mobile app and website. The company was founded in 2012 and is based in San Francisco, California.
– Fiserv Inc ($NASDAQ:FISV)
Fiserv Inc. is a leading global provider of financial services technology solutions. The company serves more than 20,000 clients in over 80 countries, including banks, credit unions, securities processing organizations, insurance companies, and mortgage lenders. Fiserv provides a comprehensive suite of solutions that includes banking, payments, lending, and investment management solutions. The company’s products and services enable its clients to streamline operations, reduce costs, and improve customer service. Fiserv is headquartered in Brookfield, Wisconsin.
Summary
MARQETA, Inc. is a high interest stock that investors have been keen to watch. Investors should note that this is not necessarily an indication of a shift in the company’s market prospects, as it could be due to the current economic environment or an investor’s individual portfolio strategy. Investors should use technical and fundamental analysis to evaluate the company’s performance and the stock’s future prospects. Factors such as financials, earnings growth, and industry trends should all be taken into consideration when analyzing the stock.
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