Green Dot Corporation (GDOT) Earning Somewhat Favorable News Coverage, Analysis Shows
News articles about Green Dot Corporation (NYSE:GDOT) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Green Dot Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.4962264088831 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Green Dot Corporation’s (GDOT) “Buy” Rating Reaffirmed at Jefferies Group LLC (americanbankingnews.com)
- Mark Goldin (infoworld.com)
- Green Dot Corporation (GDOT) Insider Sells $433,408.95 in Stock (americanbankingnews.com)
- FastPay Acquires AnchorOps, Creating a Financial Solutions Powerhouse for Media (bizjournals.com)
- Green Dot Corporation (GDOT) Lowered to “Hold” at Lake Street Capital (americanbankingnews.com)
Shares of Green Dot Corporation (GDOT) opened at 53.76 on Tuesday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 45.71 and a beta of 1.00. The firm’s 50-day moving average price is $49.54 and its 200-day moving average price is $41.05. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $55.57.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Equities analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on GDOT shares. SunTrust Banks, Inc. reissued a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price on shares of Green Dot Corporation in a report on Thursday, October 12th. BidaskClub lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, July 12th. Finally, Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.91.
In other news, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the sale, the insider now owns 217,010 shares of the company’s stock, valued at $10,143,047.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth C. Aldrich sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $39.90, for a total value of $399,000.00. Following the completion of the sale, the director now directly owns 20,142 shares of the company’s stock, valued at approximately $803,665.80. The disclosure for this sale can be found here. Insiders sold a total of 152,192 shares of company stock worth $7,157,243 over the last 90 days. Insiders own 11.00% of the company’s stock.
Green Dot Corporation Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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