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 the various verticals, including commerce disruptors, digital banks, tech giants, and large financial institutions. The company incorporated in 2010 and is headquartered in Oakland, California.
IPO Year: 2021
Exchange: NASDAQ
Website: marqeta.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/25/2024 | $7.00 | Equal Weight → Overweight | Wells Fargo |
6/24/2024 | $5.50 | Neutral | Goldman |
5/8/2024 | $7.50 → $8.00 | Buy | Monness Crespi & Hardt |
4/2/2024 | $7.50 | Buy | Monness Crespi & Hardt |
2/12/2024 | $7.00 | Neutral → Buy | BofA Securities |
11/8/2023 | $9.00 | Positive | Susquehanna |
10/31/2023 | $6.00 | Equal Weight | Wells Fargo |
10/20/2023 | $7.50 | Buy | UBS |
8/16/2023 | $4.00 | Neutral → Sell | BTIG Research |
8/9/2023 | $5.00 → $8.00 | Hold → Buy | Berenberg |
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
3 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
4 - Marqeta, Inc. (0001522540) (Issuer)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
SC 13G/A - Marqeta, Inc. (0001522540) (Subject)
The global modern card issuer reported Total Processing Volume of $71 billion with Net Revenue of $125 million and Gross Profit of $79 million in the second quarter of 2024. Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the second quarter ended June 30, 2024. The Company reported Total Processing Volume (TPV) of $71 billion, representing a year-over-year increase of 32% driven by volume growth across several use cases. The Company reported Net Revenue of $125 million, a decrease of 46% year over year, which included a 60 percentage point negative growth impact due to the change in revenue presentation resulting from the new Ca
Varo Bank selected Marqeta as its issuer processor to help achieve its mission of bringing financial inclusion and opportunity for all Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced it has signed a five-year deal with Varo Bank, N.A., the first nationally-chartered consumer techbank in the U.S., to become its issuer processor. Varo Bank offers services such as fee-free checking accounts, free ATM access at over 40,000 locations, cash advances and lines of credit, secured credit-building credit cards, instant payment solutions and high yield savings accounts to customers, with over five millio
Working with Visa and Affirm, Marqeta will enable the ultimate flexible payment experience for consumers by providing access to different funding sources on one payment card for the first time Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced it is working with Visa and Affirm to offer the Visa Flexible Credential, a single card product that can toggle between payment methods, putting the power of choice in the hands of the consumer. Marqeta achieved certification with Visa Flexible Credential in May 2024, which will enable cardholders of Marqeta's participating customers to easily set parameter
46% of US respondents said they've used a form of contactless payments in the last 7 days, compared to 80% in the UK and 69% in Australia. Three out of five 18-34 year old US consumers surveyed said they would get their financial services from a non-traditional financial services provider, such as a tech company or retailer. 90% of US consumers who get paid immediately said it makes it easier to plan for finances and increases financial peace of mind. The US is seeing high demand for innovative new payment solutions, reveals recent data from Marqeta (NASDAQ:MQ). Marqeta, the global modern card issuing platform powering some of today's most innovative embedded finance solutions, to
Working with Visa, the Oakland Chamber of Commerce and Oakland's Business Improvement Districts, Marqeta unveils agenda and content for financial literacy community event highlighting the positive impact of fintech and payments technology for SMBs Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced a new community event, Future of Money Day, sponsored by Visa to spotlight payments innovation that is helping small businesses in Oakland and throughout the country. Future of Money Day is a financial literacy community event that will include educational panel sessions discussing the evolution of fina
Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss second quarter 2024 financial results on Wednesday, August 7, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the second quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta Marqeta's modern card issuing
Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced its executives are participating in two upcoming investor conferences. Mike Milotich, Marqeta CFO, will participate in a fireside chat at the Barclays 14th Annual Emerging Payments and FinTech Forum on Thursday, May 16, 2024, at 9:45 a.m. Eastern Time. Simon Khalaf, Marqeta CEO, will participate in a fireside chat at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on Monday, May 20, 2024, at 1:10 p.m. Eastern Time. A live webcast and replay will be available on Marqeta's investor relations website at investo
The global modern card issuer reported $67 billion in Total Processing Volume with Net Revenue of $118 million in the first quarter of 2024. Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the first quarter ended March 31, 2024. The Company reported Total Processing Volume (TPV) of $67 billion, representing a year-over-year increase of 33% driven by volume growth across several use cases. Marqeta reported Net Revenue of $118 million, a decrease of 46% year over year, which included a 58 percentage point negative growth impact due to the change in revenue presentation resulting from the new Cash App contract effective as of July
Marqeta will help power Uber Eats in major markets around the world, showcasing the global reach of Marqeta's platform and ongoing partnership with Uber Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced the expansion of its US partnership with Uber Eats into eight additional markets: Canada, Australia, Mexico, Brazil, Colombia, Peru, Chile and Costa Rica. Marqeta's global platform allows customers to launch card products in more than 40 markets through a single integration. This scale helps partners such as Uber Eats reduce effort and time-to-market for subsequent launches. "As Uber continues
Marqeta and Rain's partnership showcases increasing demand from workers to simplify the pay cycle and offer streamlined solutions for supporting employees' financial wellness Marqeta, the global modern card issuing platform enabling some of the world's most innovative embedded finance solutions, today announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances. Marqeta will power the Rain Card, a branded debit card that will enable employers to disburse earned wages onto the cards seamlessly. Through its strategic partnership with Rain, Marqeta can scale its early wage access offerings to more employers acr
Carlisle spent six years leading SoFi's compliance function and is a veteran regulatory and compliance practitioner with over 25 years of experience in financial services and capital markets. Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance capabilities for the world's innovators, today announced the appointment of Alan Carlisle as its Chief Compliance Officer (CCO). Carlisle, previously Enterprise Chief Compliance Officer at SoFi, will be responsible for elevating and expanding Marqeta's regulatory compliance management system. "Alan excels in designing and implementing risk and compliance controls, and is passionate about creating a culture wh
Gantt-Evans is a US Army Reserves veteran and previous Fortune 100 cybersecurity leader who brings over 15 years of cybersecurity and risk management expertise to Marqeta during a time of continued global expansion Marqeta (NASDAQ:MQ), the global modern card issuing platform, today announced the appointment of Heather Gantt-Evans as its Chief Information Security Officer (CISO). Gantt-Evans is a previous security and risk management leader at SailPoint, The Home Depot and Ernst & Young, and will be responsible for overseeing Marqeta's global corporate and product security strategies. "Heather is an expert security strategist who brings a wealth of experience building results-driven cybe
Former Blend legal head brings more than a decade of legal and compliance experience to Marqeta, where she'll lead the company's global legal and risk function. 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 team. Sumner will be responsible for overseeing Marqeta's global legal and regulatory affairs. "Crystal brings deep legal expertise and organizational leadership to Marqeta, with impressive experience helping companies build and scale innovative products in compliance with today's complex regulatory environments," said Simon Khalaf, CEO of Marqeta. "As Marqeta broadens
Wells Fargo upgraded Marqeta from Equal Weight to Overweight and set a new price target of $7.00
Goldman resumed coverage of Marqeta with a rating of Neutral and set a new price target of $5.50
Monness Crespi & Hardt reiterated coverage of Marqeta with a rating of Buy and set a new price target of $8.00 from $7.50 previously
Monness Crespi & Hardt initiated coverage of Marqeta with a rating of Buy and set a new price target of $7.50
BofA Securities upgraded Marqeta from Neutral to Buy and set a new price target of $7.00
Susquehanna initiated coverage of Marqeta with a rating of Positive and set a new price target of $9.00
Wells Fargo initiated coverage of Marqeta with a rating of Equal Weight and set a new price target of $6.00
UBS resumed coverage of Marqeta with a rating of Buy and set a new price target of $7.50
BTIG Research downgraded Marqeta from Neutral to Sell and set a new price target of $4.00
Berenberg upgraded Marqeta from Hold to Buy and set a new price target of $8.00 from $5.00 previously
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains Marqeta (NASDAQ:MQ) with a Market Perform and lowers the price target from $7 to $6.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Wells Fargo analyst Andrew Bauch upgraded the rating for Marqeta, Inc. (NASDAQ:MQ) from Equal-Weight to Overweight and maintained the price target of $7. Marqeta shares gained 0.6% to close at $5.30 on Monday. See how other analysts view this stock. Evercore ISI Group analyst Jonathan Chappell upgraded C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) from In-Line to Outperform, while raising the price target from $82 to $99. C.H. Robinson shares gained 2% to close at $88.49 on Monday. See h
Wells Fargo analyst Andrew Bauch upgrades Marqeta (NASDAQ:MQ) from Equal-Weight to Overweight and maintains the price target from $7 to $7.
Analysts' ratings for Marqeta (NASDAQ:MQ) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $6.6, a high estimate of $7.50, and a low estimate of $5.50. Highlighting a 1
Goldman Sachs analyst Will Nance assumes Marqeta (NASDAQ:MQ) with a Neutral rating and announces Price Target of $5.5.
Mizuho analyst Anthony Crowdell maintains Marqeta (NASDAQ:MQ) with a Buy and lowers the price target from $8 to $7.
Barclays analyst Ramsey El-Assal maintains Marqeta (NASDAQ:MQ) with a Overweight and lowers the price target from $8 to $7.
Marqeta (NASDAQ:MQ) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 2 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $7.7, a high estimate of $10.00, and a low estimate
Wedbush analyst Moshe Katri reiterates Marqeta (NASDAQ:MQ) with a Neutral and maintains $6 price target.
The global modern card issuer reported Total Processing Volume of $71 billion with Net Revenue of $125 million and Gross Profit of $79 million in the second quarter of 2024. Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the second quarter ended June 30, 2024. The Company reported Total Processing Volume (TPV) of $71 billion, representing a year-over-year increase of 32% driven by volume growth across several use cases. The Company reported Net Revenue of $125 million, a decrease of 46% year over year, which included a 60 percentage point negative growth impact due to the change in revenue presentation resulting from the new Ca
Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss second quarter 2024 financial results on Wednesday, August 7, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the second quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta Marqeta's modern card issuing
The global modern card issuer reported $67 billion in Total Processing Volume with Net Revenue of $118 million in the first quarter of 2024. Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the first quarter ended March 31, 2024. The Company reported Total Processing Volume (TPV) of $67 billion, representing a year-over-year increase of 33% driven by volume growth across several use cases. Marqeta reported Net Revenue of $118 million, a decrease of 46% year over year, which included a 58 percentage point negative growth impact due to the change in revenue presentation resulting from the new Cash App contract effective as of July
Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss first quarter 2024 financial results on Tuesday, May 7, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the first quarter 2024 financial results will be issued after the market closes that same day. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta Marqeta's modern card issuing platfor
The global modern card issuing platform had $62 billion in fourth quarter total processing volume, up 33 percent year-over-year, and generated $119 million in fourth quarter net revenue. The Company's annual total processing volume was up 34 percent year-over-year to $222 billion, generating $676 million in annual revenue. 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. Total processing volume (TPV) was $62 billion for the quarter, representing a 33% year-over-year increase, and TPV was $222 billion for the full 2023 fiscal year, an annual increase of 34%. Marqeta's Q4
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 full year 2023 financial results on Wednesday, February 28, 2024 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the fourth quarter and full year 2023 financial results will be issued after the market closes that same day. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta
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 Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
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 will also host a conference call on Friday, November 10, 2023 at 9:00 am ET. Hosting the call will be Simon Khalaf, Chief Executive Officer and Mike Milotich, Chief Financial Officer. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta Marqeta's modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta's platform,
The global modern card issuer reported $57 billion in total processing volume with net revenue of $109 million in the third quarter of 2023. Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2023. The Company reported total processing volume (TPV) of $57 billion, representing a year-over-year increase of 33% driven by volume growth across several use cases. Marqeta's Q3 earnings are the Company's first full quarter of financial results reflecting its Cash App contract renewal announced in August. Marqeta reported net revenue of $109 million, a decrease of 43% year over year, which included a 6
Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today announced that it will host a conference call and webcast to discuss third quarter 2023 financial results on Tuesday, November 7, 2023 at 4:30 pm ET. Hosting the call will be Simon Khalaf, Chief Executive Officer, and Mike Milotich, Chief Financial Officer. A press release with the third quarter 2023 financial results will be issued after the market closes that same day. The conference call will be webcast live from Marqeta's investor relations website at https://investors.marqeta.com/. A replay will be available on the investor relations website following the call. About Marqeta Marqeta's modern card issuing pl
10-Q - Marqeta, Inc. (0001522540) (Filer)
8-K - Marqeta, Inc. (0001522540) (Filer)
8-K - Marqeta, Inc. (0001522540) (Filer)
8-K - Marqeta, Inc. (0001522540) (Filer)
DEFA14A - Marqeta, Inc. (0001522540) (Filer)
10-Q - Marqeta, Inc. (0001522540) (Filer)
DEFA14A - Marqeta, Inc. (0001522540) (Filer)
8-K - Marqeta, Inc. (0001522540) (Filer)
ARS - Marqeta, Inc. (0001522540) (Filer)
DEFA14A - Marqeta, Inc. (0001522540) (Filer)