Marqeta (NASDAQ:MQ) Announces Quarterly Earnings Results

Marqeta (NASDAQ:MQ) issued its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05, Zacks reports. The business had revenue of $135.79 million for the quarter, compared to the consensus estimate of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. Marqeta updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Marqeta Price Performance

Shares of NASDAQ MQ opened at $4.35 on Thursday. Marqeta has a 1 year low of $3.37 and a 1 year high of $7.36. The company has a market capitalization of $2.19 billion, a P/E ratio of 217.60 and a beta of 1.52. The company has a 50 day simple moving average of $3.76 and a 200-day simple moving average of $4.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price objective on shares of Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company cut their price objective on Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Susquehanna decreased their target price on Marqeta from $9.00 to $7.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Marqeta from a “buy” rating to a “hold” rating and cut their price target for the stock from $9.00 to $4.00 in a report on Tuesday, November 5th. Finally, KeyCorp lowered shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Marqeta presently has a consensus rating of “Hold” and a consensus target price 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.