Marqeta, Inc. (MQ)
Market Cap | 2.73B |
Revenue (ttm) | 676.17M |
Net Income (ttm) | -222.96M |
Shares Out | 513.81M |
EPS (ttm) | -0.42 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 3,415,406 |
Open | 5.43 |
Previous Close | 5.47 |
Day's Range | 5.20 - 5.47 |
52-Week Range | 3.74 - 7.36 |
Beta | 1.84 |
Analysts | Buy |
Price Target | 7.18 (+35.22%) |
Earnings Date | May 7, 2024 |
About MQ
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. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California. [Read more]
Financial Performance
In 2023, Marqeta's revenue was $676.17 million, a decrease of -9.63% compared to the previous year's $748.21 million. Losses were -$222.96 million, 20.7% more than in 2022.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for MQ stock is "Buy." The 12-month stock price forecast is $7.18, which is an increase of 35.22% from the latest price.
News
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Mar...
Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance
OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta, the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today announced its...
Marqeta CEO: Buy now, pay later is a mechanism to fund the economy
Marqeta CEO Simon Khalaf argues that buy now, pay later is a mechanism for merchants to fund the economy.
Marqeta to Announce First Quarter 2024 Results on May 7, 2024
OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discu...
Marqeta Exceeds $1 Billion in Single Day Total Processing Volume (TPV), Representing a New Era of Scale for the Company
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that its platform pr...
Marqeta Reports Fourth Quarter and Full Year 2023 Financial Results
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the fourth quarter and full year ended December 31, 2023. To...
Marqeta Announces New SMB Credit Card Customer AffiniPay, Delivering A Flexible and Customized Credit Offering with Full Program Management Capabilities
OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today ...
Marqeta Announces New Credit Customer Internet Travel Solutions (ITS), Building Momentum for Key New Product
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today announced its new custome...
Marqeta's stock is now a buy as it sits in an ‘enviable' spot, BofA says
Marqeta Inc. shares powered 5.7% higher Monday as the card-issuing name found a new fan on Wall Street.
Sunwest Works With Marqeta and Torpago to Launch Corporate Card Platform
Marqeta, Torpago and Sunwest Bank launched Sunwest's commercial credit card and expense management solution called Sunwest Visionary Card. The new bank-branded offering is enabled by Torpago's commerc...
Marqeta to Announce Fourth Quarter and Full Year 2023 Results on February 28, 2024
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss fourth quarter and ful...
Marqeta Announces Alan Carlisle As Chief Compliance Officer
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance capabilities for the world's innovators, today announced the appointment o...
Paymentology Names Marqeta's Jeff Parker as New CEO
U.K. card issuer Paymentology has named Marqeta veteran Jeff Parker as its new CEO. Parker, who stepped down as managing director of Marqeta last month, will succeed interim Co-CEOs Abe Smith and Angy...
KBW Announces Index Rebalancing for Fourth-Quarter 2023
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
Marqeta Managing Director Departs After 15 Months
Marqeta's managing director is stepping down after 15 months with the card-issuing company. Jeff Parker, who is also a senior vice president at the firm, announced his departure in a recent LinkedIn p...
Marqeta and Credi2 Team Up to Provide New Instalment Capabilities for Banks in Europe
LONDON--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today announced a new partnership with C...
Marqeta to Publish Investor Day Materials on November 9, 2023
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, will publish Investor Day materials on its Investor Relations website today at 4:30 ET. Marqeta w...
With Block Extensions in Hand, Marqeta Looks Toward Embedded Finance's Future
With new extensions to the Block partnerships, Marqeta's latest third quarter results also underscored momentum in buy now, pay later (BNPL) and accelerated wage access. CEO Simon Khalaf said on the c...
Marqeta's stock leaps as payments company posts upbeat earnings
Shares of Marqeta Inc. were ahead 6% in Tuesday's extended session after the card-issuing company exceeded expectations on a profit metric for its latest quarter and also posted upbeat revenue.
Marqeta Reports Third Quarter 2023 Financial Results
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2023. The Company repo...
Marqeta CEO talks new credit card issuing platform
Simon Khalaf, Marqeta CEO, joins 'Closing Bell Overtime' to talk the company's new credit card issuing platform for brands.
Marqeta Unveils Enhanced Credit Card Issuing Platform
Card issuing company Marqeta has debuted a new credit card issuing platform. The launch, announced Monday (Oct. 23), adds intuitive credit card program management tools and creates a “one-stop shop” f...
Marqeta Introduces New Credit Card Platform, Helping Brands Redefine Customer Loyalty With Dynamic and Embedded Credit Experiences
LAS VEGAS--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today introduced its new credit card ...
Marqeta Study: Even Satisfied Credit Cardholders Are Shopping For Their Next Card, Seeking Tailored Rewards and Embedded Finance Experiences
LAS VEGAS--(BUSINESS WIRE)--Even satisfied credit card holders are on the hunt for their next credit cards, despite reporting generally high satisfaction with their current cards, according to a new s...
Motive and Marqeta Join Forces for Motive Card, Delivering Customers Up to 10% Savings
SAN FRANCISCO & OAKLAND, Calif.--(BUSINESS WIRE)--Since launching the Motive Card in April 2022, Motive, the only fully unified Integrated Operations Platform for the physical economy, has issued over...