Somewhat Positive Press Coverage Somewhat Unlikely to Affect Green Dot (GDOT) Share Price

News stories about Green Dot (NYSE:GDOT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing 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 one, with scores nearest to one being the most favorable. Green Dot earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.0585025342423 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Green Dot (NYSE GDOT) opened at $62.47 on Friday. Green Dot has a 52 week low of $25.16 and a 52 week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3,170.00, a price-to-earnings ratio of 45.27 and a beta of 0.95.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period last year, the firm earned $0.21 earnings per share. Green Dot’s quarterly revenue was up 30.5% on a year-over-year basis. equities research analysts predict that Green Dot will post 1.71 EPS for the current year.

Several brokerages have recently issued reports on GDOT. Guggenheim reiterated a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $53.00 price objective on shares of Green Dot in a research note on Thursday, October 12th. Cowen reiterated a “hold” rating and issued a $52.00 price objective on shares of Green Dot in a research note on Friday, November 10th. Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research note on Monday, November 20th. Finally, Lake Street Capital cut Green Dot from a “buy” rating to a “hold” rating and increased their price objective for the company from $44.00 to $55.00 in a research note on Wednesday, October 11th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Green Dot presently has a consensus rating of “Buy” and an average target price of $55.54.

In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $55.68, for a total transaction of $148,387.20. Following the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at $9,834,257.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $56.07, for a total value of $448,279.65. Following the transaction, the insider now directly owns 176,621 shares in the company, valued at approximately $9,903,139.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 290,211 shares of company stock worth $17,651,534. 11.00% of the stock is owned by insiders.

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About Green Dot

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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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