Marqeta, Inc. (MQ)
| Market Cap | 1.92B |
| Revenue (ttm) | 748.21M |
| Net Income (ttm) | -184.78M |
| Shares Out | 538.58M |
| EPS (ttm) | -0.34 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 9,724,510 |
| Open | 3.59 |
| Previous Close | 3.62 |
| Day's Range | 3.47 - 3.62 |
| 52-Week Range | 3.46 - 12.20 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 7.57 (+112.05%) |
| Earnings Date | May 10, 2023 |
About MQ
Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California. [Read more]
Financial Performance
In 2022, Marqeta's revenue was $748.21 million, an increase of 44.67% compared to the previous year's $517.18 million. Losses were -$184.78 million, 12.7% more than in 2021.
Financial StatementsAnalyst Forecast
According to 27 analysts, the average rating for MQ stock is "Buy." The 12-month stock price forecast is $7.57, which is an increase of 112.05% from the latest price.
News
Marqeta Announces Partnership with Stables in Australia to Power Prepaid Card
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced a new partnership with Stables (formerly Tiiik) to power its new Mastercard prepaid car...
FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%
Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send the group down on yet another five-day journey that saw ...
Marqeta (MQ) Moves to Buy: Rationale Behind the Upgrade
Marqeta (MQ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Down -35.35% in 4 Weeks, Here's Why Marqeta (MQ) Looks Ripe for a Turnaround
The heavy selling pressure might have exhausted for Marqeta (MQ) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in r...
Despite Embedded Finance's Promise, Slowing BNPL Growth Sends Marqeta Shares Plummeting
Slowing buy now, pay later (BNPL) volumes and customers' belt tightening helped send Marqeta's shares down sharply Tuesday after earnings. By the numbers, the card issuing platform company's earnings ...
Marqeta shares dive as first-quarter forecast comes up shy of expectations
Shares of payments-tech provider Marqeta Inc. MQ fell sharply after hours on Tuesday after the company forecast first-quarter sales growth that came in slightly below estimates. The company, whose tec...
Marqeta Reports Fourth Quarter and Full Year 2022 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, 2022. To...
Marqeta Appoints Crystal Sumner as Chief Legal Officer
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced the addition of Chief Legal Officer, Crystal Sumner, as a key member of its executive t...
Marqeta Completes Acquisition of Power Finance, Inc.
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has completed its acquisition of credit card program management platform Powe...
Marqeta Acquires Card Management Platform Power Finance for $275M
Card issuer Marqeta will acquire card management platform Power Finance in a $275 million deal. “We already see considerable demand for differentiated credit products from companies looking to innovat...
Marqeta to purchase credit-card management company Power Finance for at least $223 million
Marqeta Inc. MQ, -3.98% plans to acquire credit-card program-management company Power Finance for at least $223 million in cash, the company announced Monday. “We already see considerable demand for d...
Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company's 13-year history. About ...
Marqeta Announces Agreement To Acquire Power Finance, Inc.
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced today that it has entered into an agreement to acquire credit card program management platf...
Marqeta Names Ex-Yahoo Exec Simon Khalaf as CEO
Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August,...
Marqeta promotes Simon Khalaf from chief product officer to CEO
Marqeta Inc. Chief Product Officer Simon Khalaf will become the company's next chief executive, taking over for founder Jason Gardner, who previously announced he planned to transition his role.
Marqeta Names Simon Khalaf as CEO
OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced the appointment of Simon Khalaf as its new Chief Executive Officer, effective January...
Marqeta to Announce Fourth Quarter and Full Year 2022 Results on February 28, 2023
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 f...
Marqeta Web Provisioning Aimed at Boosting Mobile Wallet Use
In a bid to simplify the checkout process, Marqeta said merchants can now let users make digital wallets payments without downloading another app. According to a Thursday (Jan.
Rakuten France Launches New Integrated Payment and Cashback Solution, Club R Pay
LONDON--(BUSINESS WIRE)--Rakuten France has announced the launch of a brand-new integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. ...
Marqeta seeks new business customers with Mastercard B2B solution
Marqeta will use Mastercard's Track Instant Pay solution, which automates B2B payments, to attract new business.
Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution
OAKLAND, Calif. & PURCHASE, N.Y.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced that it has integrated Mastercard (NYSE: MA) Track™ Instant Pay, a n...
7 Undervalued Fintech Stocks to Buy in December
Investors are always looking for undervalued stocks that have the potential to generate strong returns. Undervalued fintech stocks represent attractive investment opportunities, and the timing could n...
Pelico Raises $18.5M to Help Manufacturers Manage Factory Operations in an Increasingly Complex & Volatile Context
PARIS--(BUSINESS WIRE)--Pelico, the factory operations SaaS platform that empowers manufacturers to deal with rising levels of complexity and volatility in their operations, today announced that it ...
Marqeta (MQ) Reports Q3 Loss, Tops Revenue Estimates
Marqeta (MQ) delivered earnings and revenue surprises of 0% and 6.14%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Marqeta stock gains after earnings as revenue forecasts exceeds expectations
Shares of Marqeta Inc. were up about 5% in after-hours trading Wednesday after the company, which makes card-issuing technology, topped revenue expectations for its latest quarter and issued an upbeat...