Marqeta (NASDAQ:MQ - Get Free Report) announced its 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 analyst estimates of $132.71 million. 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
MQ stock traded down $0.07 during trading on Friday, hitting $4.18. The stock had a trading volume of 12,407,290 shares, compared to its average volume of 5,248,871. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 209.00 and a beta of 1.52. The company's 50 day moving average price is $3.78 and its two-hundred day moving average price is $4.38. Marqeta has a 1-year low of $3.37 and a 1-year high of $6.98.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. William Blair lowered shares of Marqeta from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Marqeta from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Susquehanna lowered their price objective on shares of Marqeta from $9.00 to $7.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.33.
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Marqeta Company Profile
(
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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.
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