Marqeta, Inc. (MQ)

NASDAQ: MQ · IEX Real-Time Price · USD
5.31
-0.16 (-2.93%)
At close: Apr 19, 2024, 4:00 PM
5.30
-0.01 (-0.19%)
After-hours: Apr 19, 2024, 7:43 PM EDT
-2.93%
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]

Sector Technology
IPO Date Jun 9, 2021
Employees 771
Stock Exchange NASDAQ
Ticker Symbol MQ
Full Company Profile

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 Statements

Analyst 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.

Price Target
$7.18
(35.22% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

1 day ago - PYMNTS

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...

1 day ago - Business Wire

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.

7 days ago - CNBC International TV

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...

17 days ago - Business Wire

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...

7 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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 ...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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.

2 months ago - Market Watch

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...

3 months ago - PYMNTS

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...

3 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - PYMNTS

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...

4 months ago - GlobeNewsWire

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...

5 months ago - PYMNTS

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - PYMNTS

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.

5 months ago - Market Watch

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...

5 months ago - Business Wire

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.

6 months ago - CNBC Television

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...

6 months ago - PYMNTS

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 ...

6 months ago - Business Wire

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...

6 months ago - Business Wire

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...

6 months ago - Business Wire