Marqeta Reports Quarterly Earnings, Surpassing Analyst Expectations

Marqeta (NASDAQ:MQ - Get Free Report) released its quarterly earnings information on Wednesday, reporting an earnings per share (EPS) of ($0.05) for the quarter. This figure exceeded analysts' consensus estimate of ($0.10) by $0.05, according to reports from Zacks. Additionally, the company achieved a net margin of 2.86% and a return on equity of 1.20%. Marqeta has also provided updates on its financial guidance, revising both its Q1 2025 and FY 2025 EPS forecasts.

Marqeta's Stock Performance

On the day of the earnings announcement, Marqeta's stock declined by $0.25, closing at $3.51. The trading volume for the day reached 15,510,696 shares, significantly higher than its average volume of 4,569,868 shares. Over the past twelve months, Marqeta's stock has experienced a low of $3.37 and a high of $7.36. Currently, the company's market capitalization is $1.76 billion, with a price-to-earnings (P/E) ratio of 175.50 and a beta value of 1.52. Its 50-day and 200-day simple moving averages stand at $3.76 and $4.40, respectively.

Analyst Ratings and Updates

In recent weeks, several equity research analysts have shared their insights regarding Marqeta's stock. On December 2nd, The Goldman Sachs Group adjusted its target price for Marqeta from $4.50 to $4.00, assigning the stock a "neutral" rating. Approximately a week earlier, on November 5th, KeyCorp downgraded the stock from an "overweight" rating to a "sector weight" rating. In the same timeframe, Deutsche Bank Aktiengesellschaft reduced its rating from "buy" to "hold" and lowered its price target from $9.00 to $4.00. Furthermore, JPMorgan Chase & Co. updated their price target from $6.00 to $5.00, maintaining a "neutral" rating. Morgan Stanley also reduced its price objective for Marqeta from $7.00 to $5.00, assigning an "equal weight" rating. Overall, eleven analysts have given the stock a hold rating, while four have rated it as a buy. According to MarketBeat.com, Marqeta currently holds an average rating of "Hold" with an average price target of $5.65.

About Marqeta

Marqeta, Inc. operates a cloud-based open application programming interface (API) platform that provides services for card issuing and transaction processing. The company delivers its solutions across various sectors, including financial services, on-demand services, expense management, e-commerce enablement, and buy now, pay later services.

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