48.84 0.00 (0.00%)
After hours: 4:50PM EDT
|Bid||45.00 x 1300|
|Ask||48.86 x 1200|
|Day's Range||48.46 - 50.54|
|52 Week Range||41.67 - 93.00|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||23.66|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||70.83|
Green Dot Corp. said Wednesday it has entered a $100 million accelerated share buyback program with Bank of America Merrill Lynch . The bank, which targets low-income customers with a range of retail banking services, said it will receive an initial delivery of about 1.7 million shares. The final number will be based on its volume-weighted average stock price during the transaction, which is expected to be completed in 2019. Shares were up 2% in premarket trade, but have fallen 40% in 2019, while the S&P 500 has gained 14%.
Upon receiving regulatory approval, Green Dot Corporation announced today that it has entered into a definitive agreement with Bank of America Merrill Lynch to purchase a total of $100 million of its Class A common stock under an accelerated stock repurchase transaction. Under the agreement, Green Dot will receive an initial delivery of approximately 1.7 million shares. The final number of shares to be repurchased and the aggregate cost per share to Green Dot will be based on Green Dot’s volume-weighted average stock price during the term of the transaction, which is expected to be completed in 2019.
We hear about Prudential’s financial wellness initiatives and take a look at what went wrong with one of our favorite fintech companies.
Green Dot Corp NYSE:GDOTView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for GDOT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.34 billion over the last one-month into ETFs that hold GDOT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Investments in products and platform, long-lasting relationship with Walmart and a strong cash generation capacity bode well for Green Dot.
Stocks that moved substantially or traded heavily on Thursday: Stamps.com Inc., down $46.49 to $36.90 The online postage provider slashed its full-year profit forecast because of contract changes between ...
plummeted a stunning 27% to $46.10 after the financial technology and bank holding company offered weak guidance. The Pasadena, California-based company reported first-quarter earnings of $64 million, or $1.17 a share, which was down from $70 million, or $1.29 a share, a year ago. Revenue totaled $325.72 million for the quarter, up from $315 million a year ago, but missed Wall Street's forecast of $329.2 million.
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Jeffries analyst John Hecht said the financial-services company is effectively “taking the pain in ’19 to deliver on growth in ’20.”
Shares of prepaid-card company Green Dot Inc. are off more than 30% in morning trading Thursday and on track for their worst single-day drop since July 2012 after management slashed Green Dot's full-year forecast. "Management attributed the reductions in large part to $60 million in new marketing investments while offering 2Q19 revenue guidance well below the consensus estimate," wrote BTIG's Mark Palmer, who downgraded the stock to neutral from buy. He called the change in outlook an "abrupt and disconcerting shift" and said that he "would not be inclined to chase the stock even at the newly lower levels." Jefferies analyst John Hecht maintained a buy rating on the stock, writing that Green Dot was "taking the pain in 2019 to deliver on growth in 2020." Shares have fallen 45% so far this year, as the S&P 500 has risen 13%.
Green Dot (GDOT) delivered earnings and revenue surprises of 6.34% and -1.07%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Pasadena, California-based company said it had profit of $1.17. Earnings, adjusted for one-time gains and costs, were $1.51 per share. The results exceeded Wall Street expectations. ...
PASADENA, Calif.-- -- GAAP and non-GAAP total operating revenues of $341 million and $326 million, respectively, each up organically 6% GAAP net income and GAAP diluted EPS of $64 million and $1.17, respectively Adjusted EBITDA and non-GAAP EPS of $119 million and $1.51, up 9% and 8%, respectively Updated 2019 financial outlook to reflect investment in growth Green Dot Corporation today reported financial ...
NEW YORK , May 7, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim ...