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News Breaks | | | | February 20, 2013 | | 10:02 EDT |  | GDOT, TSS, NTSP | Green Dot climbs after competitor agrees to be acquired
Shares of prepaid debit card provider Green Dot (GDOT) are rising after the company's competitor, NetSpend Holdings (NTSP), announced last night that it had agreed to be acquired by Total System Services (TSS) for $16 per share. NetSpend's stock closed at $12.29 yesterday. However, in a note to investors earlier today, SunTrust analyst Andrew Jeffrey wrote that Green Dot is not likely to become a takeover target. Green Dot's valuation is similar to the level at which NetSpend was acquired, the analyst wrote. As a result, Green Dot's stock is unlikely to rise significantly, according to Jeffrey. Moreover, Green Dot is rapidly losing market share and is more exposed to retail customers than NetSpend, meaning that Green Dot is more vulnerable to falling prices and new competitors, the analyst believes. Finally, Green Dot owns a bank, and consequently only a bank holding company would be likely to acquire it, Jeffrey wrote. The analyst maintained a Reduce rating on Green Dot shares, which rose 44c, or 3%, to $15.07 in early trading. | |
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News For GDOT;NTSP;TSS From The Last 14 Days Check below for free stories on GDOT;NTSP;TSS the last two weeks. |
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| June 19, 2013 | | 10:01 EDT |  | TSS, GDOT | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Coca-Cola (KO) initiated with an Outperform at Credit Suisse... Dr Pepper Snapple (DPS) initiated with a Neutral at Credit Suisse... Keryx (KERX) initiated with an Overweight at JPMorgan... Neurocrine Biosciences (NBIX) initiated with an Outperform at Oppenheimer... PepsiCo (PEP) initiated with a Neutral at Credit Suisse... Superior Energy (SPN) initiated with an Outperform at Cowen... Chambers Street Properties (CSG) initiated with a Neutral at Ladenburg... Synergy Resources (SYRG) initiated with an Outperform at Iberia... Callidus Software (CALD) initiated with a Buy at Lake Street... Teva (TEVA) initiated with a Buy at Maxim... Ubiquiti Networks (UBNT) initiated with an Outperform at JMP Securities... Vantiv (VNTV) initiated with an Overweight at Morgan Stanley... Visa (V) initiated with an Overweight at Morgan Stanley... MasterCard (MA) initiated with an Overweight at Morgan Stanley... Global Payments (GPN) initiated with an Underweight at Morgan Stanley... Green Dot (GDOT) initiated with an Underweight at Morgan Stanley... Total System (TSS) initiated with an Equal Weight at Morgan Stanley... MoneyGram (MGI) initiated with an Equal Weight at Morgan Stanley... Heartland Payment (HPY) initiated with an Equal Weight at Morgan Stanley... FleetCor (FLT) initiated with an Equal Weight at Morgan Stanley... Western Union (WU) initiated with an Equal Weight at Morgan Stanley... CorEnergy (CORR) initiated with an Outperform at Wells Fargo. | | | 07:35 EDT | | GDOT | Green Dot initiated with an Underweight at Morgan Stanley
 Subscribe for More Information | | | 07:34 EDT | | TSS | Total System initiated with an Equal Weight at Morgan Stanley
| | | June 11, 2013 | | 15:24 EDT |  | NTSP, TSS | NetSpend to host special shareholder meeting
Subscribe for More Information | | | 10:16 EDT | | GDOT | Green Dot management to meet with JMP Securities
Meeting to be held in Chicago on June 12 hosted by JMP Securities. | | | June 10, 2013 | | 10:52 EDT | | GDOT | Green Dot rises after taking over Wal-Mart prepaid cards from GE
Subscribe for More Information | | | 08:52 EDT | | GDOT | Green Dot to acquire GE Bank prepaid cards with 'Walmart' branding
Subscribe for More Information | | | 08:47 EDT | | GDOT | Green Dot to acquire GE Bank 'Walmart' marked prepaid cards
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