Marqeta (NASDAQ:MQ) Posts Earnings Results, Beats Estimates By $0.05 EPS

Marqeta (NASDAQ:MQ) announced its earnings results on Wednesday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05, Zacks reports. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. Marqeta updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Marqeta Stock Performance

Marqeta stock traded down $0.25 during trading on Wednesday, reaching $3.51. The company had a trading volume of 15,520,108 shares, compared to its average volume of 4,575,931. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 175.50 and a beta of 1.52. Marqeta has a 12-month low of $3.37 and a 12-month high of $7.36. The stock’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $4.40.

Analyst Ratings Changes

MQ has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Monness Crespi & Hardt cut shares of Marqeta from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a report on Tuesday, November 5th. KeyCorp lowered shares of Marqeta from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut shares of Marqeta from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $9.00 to $4.00 in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group dropped their target price on Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.65.

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.