News headlines about Green Dot (NYSE:GDOT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Green Dot earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.7556174618039 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
Several brokerages have recently weighed in on GDOT. SunTrust Banks reissued a “buy” rating and issued a $72.00 target price on shares of Green Dot in a research note on Friday, February 23rd. Guggenheim reissued a “buy” rating and issued a $76.00 target price on shares of Green Dot in a research note on Monday, February 26th. Zacks Investment Research downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen reaffirmed a “hold” rating and issued a $55.00 price target on shares of Green Dot in a research note on Friday, January 12th. Finally, ValuEngine raised shares of Green Dot from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.29.
Green Dot stock traded down $1.67 during midday trading on Friday, hitting $61.74. 437,532 shares of the company’s stock were exchanged, compared to its average volume of 353,989. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. Green Dot has a 12 month low of $32.04 and a 12 month high of $69.37. The stock has a market cap of $3,249.00, a price-to-earnings ratio of 39.08 and a beta of 0.73.
Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The company had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. During the same period in the prior year, the business earned $0.19 EPS. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. equities analysts expect that Green Dot will post 2.44 earnings per share for the current year.
In other news, CFO Mark L. Shifke sold 6,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $55.96, for a total value of $363,740.00. Following the sale, the chief financial officer now directly owns 713,333 shares in the company, valued at approximately $39,918,114.68. 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 6,830 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $62.00, for a total transaction of $423,460.00. Following the completion of the sale, the chief executive officer now owns 176,621 shares in the company, valued at $10,950,502. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,349 shares of company stock worth $20,589,781. 11.00% of the stock is owned by company insiders.
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About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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