Monness Crespi & Hardt downgraded Marqeta from Buy to Neutral

Deutsche Bank downgraded Marqeta from Buy to Hold and set a new price target of $4.00 from $9.00 previously

KeyBanc Capital Markets downgraded Marqeta from Overweight to Sector Weight

William Blair downgraded Marqeta from Outperform to Mkt Perform

Wells Fargo downgraded Marqeta from Overweight to Equal Weight and set a new price target of $5.00 from $7.00 previously

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

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8-K/A - Marqeta, Inc. (0001522540) (Filer)

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8-K - Marqeta, Inc. (0001522540) (Filer)

8-K - Marqeta, Inc. (0001522540) (Filer)

10-Q - Marqeta, Inc. (0001522540) (Filer)

8-K - Marqeta, Inc. (0001522540) (Filer)

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DEFA14A - Marqeta, Inc. (0001522540) (Filer)

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The global modern card issuer reported Total Processing Volume growth of 30% and Gross Profit growth of 24% in the third quarter of 2024 Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2024. The Company reported Total Processing Volume (TPV) of $74 billion, representing a year-over-year increase of 30%. The Company reported Net Revenue of $128 million and Gross Profit of $90 million, representing increases of 18% and 24%, respectively, year-over-year. GAAP Net Loss for the quarter was $29 million and Adjusted EBITDA was $9 million. "In the third quarter our true growth trajectory was back on di

Even among consumers with no plans to apply for a new card, 70% said they could be swayed with the right offer or feature. Among US consumers surveyed who said they missed a credit card payment in the past year, 57% said it was the first time they had missed a payment. Nearly one-third (31%) of US consumers surveyed report personalized rewards as a "need to have" for credit card perks. Traditional approaches to credit card loyalty have shifted as more people use digital payments, and financial services companies need to reinvent their approach to reflect the current reality, according to new research out today from Marqeta (NASDAQ:MQ), the global modern card issuing platform that ena

Marqeta Flex is being developed with payments platform Branch and payment providers Klarna and Affirm, enabling real time and customized BNPL options for consumers. Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today unveiled its Marqeta Flex solution at Money 2020, an innovative new solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within an existing payment flow. Marqeta Flex is being developed with leading payment providers Klarna and Affirm and payments platform Branch. Branch, a key innovation partner, plans

Marqeta's new UX Toolkit and Portfolio Migration products aim to greatly decrease the time it takes to migrate cardholders onto the Marqeta platform and design delightful new cardholder experiences. Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today introduced two new products – UX Toolkit and Portfolio Migrations – to its card program management tools. Marqeta's program management capabilities combine the power of its technology with its breadth of expertise around card implementation, helping to drive the success and scalability of its customers' card programs. UX Toolkit will allow Marqeta's customers to

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 2024 financial results on Monday, November 4, 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 third 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 (NASDAQ:MQ) Marqeta makes it possibl

Marqeta's modern platform is powering Found's Business debit card, opening access to customized business banking capabilities for SMBs and self-employed entrepreneurs usually reserved for larger businesses. Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced a new customer, Found, a business banking platform that supports small businesses and the self-employed. Found's commercial card solution, powered by Marqeta, allows small businesses and self-employed entrepreneurs to access more sophisticated and customized business banking capabilities than are traditionally offered to them. With streamlined

Husaini plans to expand and scale Marqeta's AI capabilities, bringing over 25 years of experience to help drive greater ROI for Marqeta customers unlocking purchasing power for all Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta's AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helping accelerate our pace of innovation. "We're thrilled

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

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.

Husaini plans to expand and scale Marqeta's AI capabilities, bringing over 25 years of experience to help drive greater ROI for Marqeta customers unlocking purchasing power for all Marqeta (NASDAQ:MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced that Fouzi Husaini has joined the company as its Chief Artificial Intelligence Officer. Previously at Capital One and Amazon, Husaini will play a pivotal role in scaling Marqeta's AI organization to help increase purchasing power for all by reducing risk and improving consumer and commercial rewards, while also helping accelerate our pace of innovation. "We're thrilled

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

The global modern card issuer reported Total Processing Volume growth of 30% and Gross Profit growth of 24% in the third quarter of 2024 Marqeta, Inc. (NASDAQ:MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2024. The Company reported Total Processing Volume (TPV) of $74 billion, representing a year-over-year increase of 30%. The Company reported Net Revenue of $128 million and Gross Profit of $90 million, representing increases of 18% and 24%, respectively, year-over-year. GAAP Net Loss for the quarter was $29 million and Adjusted EBITDA was $9 million. "In the third quarter our true growth trajectory was back on di

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 2024 financial results on Monday, November 4, 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 third 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 (NASDAQ:MQ) Marqeta makes it possibl

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,