Headlines about Green Dot (NYSE:GDOT) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring 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 nearest to one being the most favorable. Green Dot earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.318750649145 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research analysts have recently commented on the stock. Loop Capital boosted their target price on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Guggenheim reaffirmed a “buy” rating and issued a $88.00 price target on shares of Green Dot in a report on Thursday, August 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 price target on shares of Green Dot in a report on Thursday, August 9th. Jefferies Financial Group assumed coverage on shares of Green Dot in a report on Tuesday, July 10th. They issued a “buy” rating and a $89.00 price target on the stock. Finally, BTIG Research lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $79.00.
Shares of NYSE GDOT opened at $86.24 on Friday. Green Dot has a twelve month low of $46.45 and a twelve month high of $87.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 40.32 and a beta of 0.75.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.11. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The company had revenue of $258.30 million during the quarter, compared to the consensus estimate of $250.18 million. During the same period in the prior year, the company earned $0.55 EPS. Green Dot’s revenue was up 16.1% on a year-over-year basis. equities research analysts forecast that Green Dot will post 2.4 EPS for the current year.
In related news, CEO Steven W. Streit sold 7,974 shares of the stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $76.94, for a total value of $613,519.56. Following the transaction, the chief executive officer now owns 125,775 shares in the company, valued at $9,677,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven W. Streit sold 9,557 shares of the stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $73.25, for a total value of $700,050.25. Following the completion of the transaction, the chief executive officer now owns 111,289 shares in the company, valued at approximately $8,151,919.25. The disclosure for this sale can be found here. Insiders sold 274,439 shares of company stock valued at $22,197,305 over the last three months. 11.00% of the stock is owned by insiders.
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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