Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Green Dot Corporation (GDOT) Stock Price
News headlines about Green Dot Corporation (NYSE:GDOT) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. 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 daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.1266310526212 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Green Dot Corporation (GDOT) Insider Steven W. Streit Sells 7,995 Shares (americanbankingnews.com)
- Green Dot Corporation (GDOT) Rating Reiterated by SunTrust Banks, Inc. (americanbankingnews.com)
- First Week of GDOT November 17th Options Trading (nasdaq.com)
- Citigroup Inc. Boosts Green Dot Corporation (GDOT) Price Target to $54.00 (americanbankingnews.com)
- Consumers Pull Back on Buying Prepaid Cards, Survey Finds (digitaltransactions.net)
GDOT has been the topic of a number of research analyst reports. Lake Street Capital initiated coverage on Green Dot Corporation in a report on Monday, June 26th. They set a “hold” rating and a $41.00 target price on the stock. Keefe, Bruyette & Woods set a $37.00 target price on Green Dot Corporation and gave the stock a “hold” rating in a report on Thursday, July 6th. 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. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 target price (up from $40.00) on shares of Green Dot Corporation in a report on Monday, July 24th. Finally, BidaskClub lowered Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $42.22.
Shares of Green Dot Corporation (NYSE GDOT) opened at 48.42 on Friday. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $49.00. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 41.17 and a beta of 1.01. The firm’s 50-day moving average price is $45.96 and its 200-day moving average price is $38.55.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $208.59 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue was up 28.2% on a year-over-year basis. On average, equities analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current year.
In other Green Dot Corporation news, Director Glinda Bridgforth-Hodges sold 7,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total value of $351,900.00. Following the completion of the sale, the director now directly owns 5,003 shares in the company, valued at $234,740.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel John C. Ricci sold 20,707 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the completion of the sale, the general counsel now owns 91,163 shares of the company’s stock, valued at $4,303,805.23. The disclosure for this sale can be found here. Insiders sold 140,161 shares of company stock valued at $6,307,042 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.
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About Green Dot Corporation
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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