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Stock Market & Financial Investment News

News Breaks
October 9, 2012
07:01 EDTGDOTGreen Dot catalysts remain despite Bluebird threat, says Piper Jaffray
Piper Jaffray believes Green Dot has several catalysts despite the competitive challenge at Wal-Mart from the Bluebird card. Piper continues to expect Green Dot will benefit from deals with Sallie Mae, Rush Card and Dollar Tree, and still thinks the company will announce a share repurchase program in the near-term. Piper lowered its price target for shares to $15.25 from $20, but reiterates an Overweight rating on Green Dot.
News For GDOT From The Last 14 Days
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September 25, 2014
07:21 EDTGDOTGreen Dot strength due to GoBank overdone, estimates cut at SunTrust
SunTrust said the pop in Green Dot (GDOT) shares yesterday related to GoBank's partnership with Wal-Mart (WMT) is overdone. The analyst cut 2014-2016 estimates, but raised its price target to $21 from $18, to reflect ongoing share losses at Wal-Mart, its largest customer, but notes downside could be limited if it exceeds its new conservative outlook. Shares are Neutral rated.
September 24, 2014
12:29 EDTGDOTOn The Fly: Midday Wrap
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09:49 EDTGDOTGreen Dot's 2014 guidance incorporates Wal-Mart, says Piper Jaffray
Green Dot (GDOT) announced this morning that it will offer its GoBank product at Wal-Mart (WMT) stores nationwide by the end of October. Piper said GoBank has been piloted in a few stores in Texas and the launch has already been incorporated into Green Dot's 2014 guidance and accounts for relatively little in revenues. The firm views the news as a positive in total and said it shows continued traction within GoBank and its relationship with Wal-Mart. Shares of GoBank are Overweight rated with a $24 price target.
09:05 EDTGDOTOn The Fly: Pre-market Movers
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05:14 EDTGDOTGreen Dot, Wal-Mart announce nationwide rollout of GoBank
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September 18, 2014
06:12 EDTGDOTGreen Dot to acquire Santa Barbara Tax Products Group for $320M
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06:08 EDTGDOTGreen Dot expects to launch 'major new program' to make positive 2014 impact
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06:06 EDTGDOTGreen Dot cuts FY14 adjusted EBITDA to $122M-$126M from $128M-$132M
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06:05 EDTGDOTGreen Dot cuts FY14 non-GAAP revenue to $610M-$620M from $640M-$650M
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06:04 EDTGDOTGreen Dot cuts FY14 non-GAAP EPS $1.25-$1.29 from $1.37-$1.41, consensus $1.42
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September 16, 2014
09:59 EDTGDOTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.

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