Marqeta: Strong Outlook, Unjustified Selloff [Seeking Alpha]
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Seeking Alpha
Furthermore, Marqeta has 50%+ bookings growth in 2023 with time to launch cut by 100 days. Trading at 4x its 2024 Revenue with nearly 40% Net Cash and a strong outlook, Marqeta stock looks cheap. Introduction Marqeta ( NASDAQ: MQ ) is the leading modern issuer processor that enables companies such as Block ( SQ ), Affirm ( AFRM ), and DoorDash ( DASH ) to launch customized card programs that are highly rapid, scalable, and configurable. The company recently released strong Q4 results and FY2024 outlook. However, the stock sold off following its earnings reports with little to no negative news. The selloff seemed unjustified. With nearly 40% Net Cash and trading at only 4x its 2024 Revenue, Marqeta stock looks reasonably cheap and offers a decent upside for investors. Growth Looking at Q4 results, Total Processing Volume, or TPV, was $62B, growing 33% YoY for the third consecutive quarter, displaying strong adoption in fintech. According to management, TPV growth tur
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High impacting Marqeta, Inc. - Class A news events
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MQ
News
- Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking Tools [Yahoo! Finance]Yahoo! Finance
- Marqeta Partners with OakNorth to Offer Commercial Cards in the UK, Embracing Growing Small and Medium-Sized Business Demand for Better Banking ToolsBusiness Wire
- Marqeta joins hands with Rain for earned wage access [Seeking Alpha]Seeking Alpha
- Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded Finance [Yahoo! Finance]Yahoo! Finance
- Marqeta and Rain Announce Partnership to Deliver Robust Earned Wage Access Through Embedded FinanceBusiness Wire
MQ
Earnings
- 2/28/24 - Beat
MQ
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- MQ's page on the SEC website