Press coverage about Green Dot Corporation (NYSE:GDOT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Green Dot Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.9382697436373 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Green Dot Corporation (GDOT) COO Kuan Archer Sells 11,898 Shares (americanbankingnews.com)
- Visa: Positive Wall Street Ratings after Fiscal 4Q17 Earnings (finance.yahoo.com)
- Why Earnings Season Could Be Great for Green Dot (GDOT) (finance.yahoo.com)
- Why Visa Saw a Marginal Rise in Total Operating Expenses (finance.yahoo.com)
- Green Dot Corporation (GDOT) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
GDOT has been the subject of a number of analyst reports. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Monday, August 14th. Craig Hallum initiated coverage on Green Dot Corporation in a research report on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target for the company. Lake Street Capital cut Green Dot Corporation from a “buy” rating to a “hold” rating and boosted their price target for the stock from $44.00 to $55.00 in a research report on Wednesday, October 11th. ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Green Dot Corporation currently has an average rating of “Buy” and a consensus target price of $47.91.
Green Dot Corporation (NYSE GDOT) opened at $56.58 on Friday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 35.33 and a beta of 0.91. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.
Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the 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 business had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 28.2% compared to the same quarter last year. equities research analysts anticipate that Green Dot Corporation will post 1.69 earnings per share for the current year.
In related news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.81, for a total transaction of $229,050.00. Following the transaction, the chief financial officer now directly owns 757,575 shares in the company, valued at $34,704,510.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rajeev V. Date sold 4,674 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $45.45, for a total value of $212,433.30. Following the transaction, the director now owns 2,889 shares in the company, valued at $131,305.05. The disclosure for this sale can be found here. Insiders have sold 163,054 shares of company stock worth $8,099,509 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.
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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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