Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Green Dot (GDOT) Stock Price
Media headlines about Green Dot (NYSE:GDOT) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Green Dot earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.6554808024464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Green Dot (GDOT) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- As Citizens Finl Group (CFG) Stock Value Declined, Holder Sessa Capital Im LP Has Lowered Its Stake; Green Dot … – Hill Country Times (hillcountrytimes.com)
- Green Dot Co. (GDOT) CEO Sells $415,673.80 in Stock (americanbankingnews.com)
- Green Dot Co. (GDOT) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Green Dot Co. (GDOT) Insider Sells $780,000.00 in Stock (americanbankingnews.com)
Green Dot (NYSE:GDOT) traded down $1.11 on Wednesday, reaching $60.67. The company had a trading volume of 249,781 shares, compared to its average volume of 300,714. Green Dot has a twelve month low of $24.59 and a twelve month high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The company has a market cap of $3,210.00, a PE ratio of 43.96 and a beta of 0.95.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same quarter in the prior year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. analysts predict that Green Dot will post 1.71 earnings per share for the current year.
Several research firms have recently commented on GDOT. BidaskClub downgraded Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Citigroup increased their price objective on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Deutsche Bank increased their price objective on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.31.
In other Green Dot news, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $53.82, for a total transaction of $430,290.90. Following the transaction, the insider now owns 176,621 shares in the company, valued at approximately $9,505,742.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven W. Streit sold 2,665 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $55.68, for a total value of $148,387.20. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $9,834,257.28. The disclosure for this sale can be found here. Insiders have sold a total of 268,216 shares of company stock worth $16,171,133 in the last quarter. Company insiders own 11.00% of the company’s stock.
About Green Dot
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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