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

Marqeta (NASDAQ:MQ) posted its quarterly earnings data on Wednesday. The company reported ($0.05) EPS 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 Price Performance

Shares of MQ traded down $0.25 on Wednesday, reaching $3.51. The company’s stock had a trading volume of 15,510,696 shares, compared to its average volume of 4,569,868. Marqeta has a 12-month low of $3.37 and a 12-month high of $7.36. The stock has a market capitalization of $1.76 billion, a P/E ratio of 175.50 and a beta of 1.52. The stock’s 50 day simple moving average is $3.76 and its two-hundred day simple moving average is $4.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their target price on Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. 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 cut Marqeta from a “buy” rating to a “hold” rating and lowered their price objective for the company from $9.00 to $4.00 in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target 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, Morgan Stanley dropped their price objective on Marqeta from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.65.

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.