Marqeta Inc is a technology company that specializes in providing modern card issuing and payment processing solutions for businesses
By offering a flexible platform, it enables companies to create, manage, and customize their own payment cards and digital wallets while facilitating seamless transactions. Marqeta's services cater to a variety of industries, including fintech, e-commerce, and on-demand services, empowering its clients to enhance their financial products and streamline their payment operations. The company's innovative approach to card issuing and payment infrastructure helps drive efficiencies and improve the overall customer experience in digital payments.
Shares of leading edge card issuer Marqeta (NASDAQMQ)
jumped 23.5% in the morning session after the company reported stunning fourth-quarter results, significantly surpassing analysts' expectations for operating profit. Total payment volume also exceeded Wall Street estimates, and revenue guidance for the next quarter came in ahead of expectations, with projected growth of 14-16%, signaling continued momentum in 2025. Marqeta also highlighted the acquisition of TransactPay, which strengthens its position in Europe and enhanced its ability to provide card issuance and payment solutions across the region. Zooming out, we think this was a good quarter with some key areas of upside.
Leading edge card issuer Marqeta (NASDAQMQ) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.3% year on year to $135.8 million. Guidance for next quarter’s revenue was better than expected at $135.7 million at the midpoint, 1.7% above analysts’ estimates. Its GAAP loss of $0.05 per share was in line with analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Wednesday. Below you can find the top gainers and losers in today's after hours session.
Marqeta, Inc. (NASDAQMQ), the global modern card issuing platform, today announced that its Board of Directors has appointed Mike Milotich as Interim Chief Executive Officer, effective immediately. Mr. Milotich will also continue to serve in his current role of Chief Financial Officer. Mr. Milotich succeeds Simon Khalaf, who has stepped down as Chief Executive Officer and as a Director.
Marqeta, Inc. (NASDAQMQ), the global modern card issuing platform, today reported financial results for the fourth quarter and full year ended December 31, 2024.
NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Marqeta, Inc. (NASDAQMQ) on behalf of long-term stockholders following a class action complaint that was filed against Marqeta on December 9, 2024 with a Class Period from May 7, 2024 to November 4, 2024. Our investigation concerns whether the board of directors of Marqeta have breached their fiduciary duties to the company.
The Law Offices of Frank R. Cruz reminds investors of the upcoming February 7, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Marqeta, Inc. (“Marqeta” or the “Company”) (NASDAQMQ) securities between May 7, 2024 and November 4, 2024, inclusive (the “Class Period”).
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Marqeta To Contact Him Directly To Discuss Their Options
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Kyverna Therapeutics, Inc. (NASDAQKYTX), Sun Communities NYSE: SUINYSESUI)(NASDAQ: BOOMNASDAQBOOM, and Marqeta, Inc. (NASDAQ:MQNASDAQ). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against Marqeta, Inc. (“Marqeta”) (NASDAQMQ) on behalf of those who purchased or otherwise acquired Marqeta securities between May 7, 2024, and November 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is February 7, 2025.
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 7, 2025 to file lead plaintiff applications in a securities class action lawsuit against Marqeta, Inc. (NasdaqGS: MQ), if they purchased the Company’s securities between August 7, 2024 and November 4, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
RADNOR, PA - February 3, 2025 (NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Northern District of California against Marqeta, Inc. (“Marqeta”) (NASDAQMQ) on behalf of those who purchased or otherwise acquired Marqeta securities between May 7, 2024, and November 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is February 7, 2025.
PHILADELPHIA, Feb. 02, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against MARQETA, INC. (“Marqeta” or the “Company”) (NASDAQMQ). The lawsuit has been filed on behalf of purchasers of MARQETA securities between May 7, 2024 and November 4, 2024, inclusive (the “Class Period”).
