Marqeta: Block Contract Finally Lapped, Reentering Growth Mode

J Studios/DigitalVision via Getty Images Introduction Marqeta (NASDAQ:MQ) — the modern card issuing and payment processing platform — just reported Q2 earnings that beat both analyst Revenue and EPS estimates, sending shares 8% higher the following day. While the post-earnings rally was a confidence boost for shareholders, it is worth noting that Marqeta stock is still down 80%+ from its IPO price of $27 a share. Back then, the company was valued at a Market Cap of $15B — today, it is worth less than $3B. W ...