Somewhat Positive News Coverage Somewhat Unlikely to Affect Green Dot Corporation (GDOT) Stock Price
Media stories about Green Dot Corporation (NYSE:GDOT) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 0.09 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 44.6865056182964 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- BidaskClub Lowers Green Dot Corporation (GDOT) to Buy (americanbankingnews.com)
- Green Dot Corp. :GDOT-US: Earnings Analysis: Q2, 2017 By the Numbers : September 15, 2017 (finance.yahoo.com)
- Green Dot Corporation (GDOT) Insider Sells $380,402.10 in Stock (americanbankingnews.com)
- Stocks With Rising Relative Price Strength: First Data (finance.yahoo.com)
Green Dot Corporation (NYSE:GDOT) opened at 46.92 on Friday. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $48.66. The company has a market cap of $2.37 billion, a PE ratio of 39.90 and a beta of 1.01. The stock has a 50 day moving average price of $45.49 and a 200 day moving average price of $38.15.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. Equities analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research report on Monday, August 14th. Finally, Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and upped their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $41.33.
In other Green Dot Corporation news, Director Kenneth C. Aldrich sold 6,854 shares of Green Dot Corporation stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $40.01, for a total value of $274,228.54. Following the completion of the transaction, the director now owns 20,142 shares in the company, valued at approximately $805,881.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corporation stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $39.86, for a total value of $199,300.00. Following the completion of the transaction, the chief financial officer now owns 762,575 shares of the company’s stock, valued at approximately $30,396,239.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,166 shares of company stock valued at $5,918,805. Corporate 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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