Marqeta Inc. (NASDAQ:MQ) is one of the best tech stocks under $10 to invest in. On September 9, Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods (KBW), reiterated his Hold rating on the stock, maintaining his price target of $6.50 intact. This update followed Marqeta’s announcement of its CEO appointment on September 8. The company named Mike Milotich as permanent Chief Executive Officer and added him to the Board of Directors. Milotich had taken on the interim CEO role in February 2025, and has als ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Fintech upstarts and major payments players have been hiring and promoting executives with a focus on establishing strategic partnerships. Earlier this year, Mike Milotich, then Marqeta’s chief financial officer, stepped up to become the company’s interim CEO after Simon Khalaf, its former chief executive, exited the role and its board. This month, the company na ...

OAKLAND, Calif.--(BUSINESS WIRE)--Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions, today announced that it will host a conference call and webcast to discuss third quarter 2025 financial results on Wednesday, November 5, 2025 at 4:30 pm ET. Hosting the call will be Mike Milotich, Chief Executive Officer and Chief Financial Officer. A press release with the third quarter 2025 financial results will be issued after the market closes that. ...

Marqeta Inc. (NASDAQ:MQ) is one of the best growth stocks under $30 to buy. On September 8, Marqeta announced the appointment of Mike Milotich as its new CEO and as a Director, effective immediately. Mr. Milotich has served as the company’s Interim CEO since February 2025, a role he held concurrently with his position as CFO. The Marqeta Board’s Chair, Judson C. Linville, stated that the decision followed a thorough search. The Board believes his knowledge of the business & industry, strong customer conne ...

Core Insights - Marqeta, Inc. released its sixth annual State of Payments Report, highlighting the demand for more intelligent and integrated payment solutions among consumers and businesses [1] Consumer Insights - The report is based on a survey of 3,000 consumers in the US and UK, indicating a shift in consumer preferences towards advanced payment solutions [1] Business Insights - The survey also included 1,000 small and medium-sized businesses (SMBs), revealing that these businesses are looking for payment solutions that drive engagement and growth [1]

Core Insights - The Marqeta's sixth annual State of Payments Report indicates a growing demand for smarter payment platforms among UK consumers and SMBs, driven by economic pressures and the need for integrated financial solutions [1][13] - The report highlights a significant shift in consumer behavior, with 34% of UK consumers expressing interest in AI-powered wallets that optimize payment choices based on spending habits [2][3] Consumer Trends - UK consumers are increasingly seeking intelligent payment tools that integrate seamlessly with existing methods, with 49% wanting recommendations on payment methods for purchases [2][3] - The adoption of Buy Now, Pay Later (BNPL) solutions is notable, with 54% of UK consumers having used BNPL, compared to 38% in the US, indicating a shift towards using BNPL for everyday expenses [3][5] SMB Insights - UK SMBs are actively searching for innovative payment solutions to enhance growth, with 42% relying on personal cards for business expenses due to limited access to capital [4][6] - The report reveals that 90% of UK SMBs are willing to invest in new payment solutions with higher upfront costs for long-term savings and efficiency [7] Market Dynamics - The average order value for transactions has decreased by 9% year-over-year, reflecting a trend towards smaller, non-discretionary purchases such as groceries [5] - More than half (52%) of SMBs view payments as a strategic lever to streamline expenses and improve operational efficiencies [7] Future Outlook - Marqeta's report also touches on the rise of social commerce and new approaches to rewards and loyalty programs, indicating evolving trends in the financial ecosystem [8]

I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ...

I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ...

Core Insights - The company has officially named Mike Milotich as CEO, indicating a stable leadership transition [1] - The focus for the last six months has been on execution and narrowing down priorities, with no significant change in strategic direction [1] Company Focus - Prior to the official appointment, the new CEO was already deeply involved in the business and its strategic planning [1] - The emphasis has been on ensuring effective execution of existing plans and maintaining alignment with previously established goals [1]

Summary of Marqeta's Conference Call Company Overview - **Company**: Marqeta - **New CEO**: Mike Milotich appointed as permanent CEO after serving as interim since February 2023 [1][3] Key Points and Arguments Strategic Focus - **Execution and Priorities**: The focus has been on execution, narrowing down priorities, and delivering efficiently on those priorities [3][4] - **Platform Capabilities**: Emphasis on expanding platform capabilities to become a full-stack service provider, improving efficiency and speed of onboarding for customers [4][5] Financial Performance - **Q2 Results**: - Total Payment Volume (TPV) grew by 29%, a three-point acceleration from previous quarters [6] - Gross profit increased by 31%, with a normalized growth of over 22% driven by strong TPV growth and favorable business mix [6][7] - Adjusted expenses declined by 7% year-over-year, leading to record EBITDA performance [8] Future Projections - **Impact of Accounting Changes**: An 8.5-point benefit in gross profit from accounting changes will turn into a headwind in Q3 and Q4 [9] - **Renewal Timing**: Major contract renewals are taking longer than expected, impacting gross profit growth projections for 2025 and 2026 [10][11] Long-term Growth Opportunities - **Market Expansion**: - Continued success with fintech customers and expansion into embedded finance [12][13] - Building a credit business, which represents a significant growth area [13] - Geographic expansion, particularly in Europe, where TPV growth exceeds 100% [14][42] - **Value-added Services**: Growth in value-added services is expected to contribute to profitability, with a focus on cross-selling to existing customers [15][16] Customer Relationships - **Block Relationship**: The concentration with Block is decreasing, with expectations of continued growth through expanded service offerings [22][25] - **Diversification**: Large customers are diversifying providers, but primary relationships remain strong [26][27] Regulatory Environment - **Bank Partnerships**: Progress in adding new bank partners to enhance service offerings, with technical integrations nearing completion [32][33] - **Regulatory Adjustments**: The regulatory environment has stabilized, allowing for more efficient operations [34] Industry Trends - **Buy Now Pay Later (BNPL)**: - BNPL has become a significant and fast-growing use case, now representing mid-teens percentage of TPV [35][36] - The adoption of BNPL is broadening, with more providers offering flexible payment options [38][39] - **Stablecoin**: Current stablecoin developments are not seen as disruptive to Marqeta's business, but the company is prepared to support potential future needs [49][50] Conversations with Financial Institutions - **Long-term Engagement**: Ongoing discussions with large financial institutions, with expectations of gradual integration over several years [53][55] Additional Important Insights - **Growth Algorithm**: The company is focusing on a "rule of 40" metric to balance growth and profitability [18][19] - **Customer Demand**: There is a shift towards customers preferring comprehensive service packages rather than piecemeal offerings [16][17] This summary encapsulates the key insights from Marqeta's conference call, highlighting the company's strategic direction, financial performance, growth opportunities, and industry trends.