Marqeta (MQ)

• Market cap: $1.9B
• 1 day: 2.16%
• 5 days: -2.33%
• 1 month: 3.00%
• 3 months: -26.17%
• 6 months: -27.86%
• Year to date: 1.34%
• 1 year: -39.13%
• 5 years: -87.61%
• 10 years: -87.61%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform.

Employees: 771

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

26% more call options, than puts

Call options by funds: $10.3M | Put options by funds: $8.2M

21% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 28

13% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 87

2% more funds holding

Funds holding: 266 [Q2] → 270 (+4) [Q3]

5.38% less ownership

Funds ownership: 72.16% [Q2] → 66.78% (-5.38%) [Q3]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 6 (-1) [Q3]

15% less capital invested

Capital invested by funds: $1.83B [Q2] → $1.55B (-$284M) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 6% upside
• Avg. target: $4.67 23% upside
• High target: $7 85% upside

9 analyst ratings

• positive: 2 22%
• neutral: 7 78%
• negative: 0 0%

Wells Fargo Andrew Bauch 72% 1-year accuracy 28 / 39 met price target	6% upside $4	Equal-Weight Maintained	16 Jan 2025
Keefe, Bruyette & Woods Sanjay Sakhrani 86% 1-year accuracy 30 / 35 met price target	6% upside $4	Market Perform Maintained	6 Jan 2025
Barclays Ramsey El-Assal 65% 1-year accuracy 33 / 51 met price target	6% upside $4	Equal-Weight Downgraded	17 Dec 2024
Goldman Sachs Will Nance 68% 1-year accuracy 25 / 37 met price target	6% upside $4	Neutral Maintained	2 Dec 2024
Mizuho Anthony Crowdell 59% 1-year accuracy 16 / 27 met price target	32% upside $5	Outperform Maintained	5 Nov 2024