Marqeta, Inc. (MQ)

NASDAQ: MQ · IEX Real-Time Price · USD
5.59
-0.02 (-0.36%)
May 14, 2024, 3:34 PM EDT - Market open
-0.36%
Market Cap 2.90B
Revenue (ttm) 576.80M
Net Income (ttm) -190.22M
Shares Out 518.08M
EPS (ttm) -0.36
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,641,358
Open 5.73
Previous Close 5.61
Day's Range 5.55 - 5.85
52-Week Range 4.18 - 7.36
Beta 1.82
Analysts Buy
Price Target 7.18 (+28.44%)
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 28.44% from the latest price.

Price Target
$7.18
(28.44% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Marqeta CEO Simon Khalaf: Consumers appear to be 'resilient' despite recession fear

Marqeta CEO Simon Khalaf joins CNBC's 'The Exchange' to discuss the digital payment landscape, consumer behavior, and more.

4 days ago - CNBC Television

Marqeta Processing Volumes Surge 33%; Earned Wage Access Beckons

Marqeta's latest results and commentary showed momentum in the company's transaction processing operations — and opportunity in nascent markets such as earned wage access.

6 days ago - PYMNTS

Marqeta Reports First Quarter 2024 Financial Results

OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the first quarter ended March 31, 2...

6 days ago - Business Wire

Marqeta Announces Global Expansion of Uber Eats Partnership into Eight Markets

OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today annou...

13 days ago - Business Wire

Marqeta and OakNorth Team to Offer SMBs Commercial Cards

Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth's business...

20 days ago - PYMNTS

Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools

OAKLAND, Calif.--(BUSINESS WIRE)---- $MQ #embeddedfinance--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today annou...

20 days ago - Business Wire

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...

26 days 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...

26 days 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.

4 weeks 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...

6 weeks 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...

2 months 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...

2 months 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 ...

2 months 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...

3 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.

3 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...

4 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...

5 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...

5 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...

5 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...

6 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...

6 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...

6 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...

6 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.

6 months ago - Market Watch