Green 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.
Green Dot requests withdrawal of registration statement The company requests withdrawal of the Registration Statement, File No. 333-200873, because it was inadvertently filed as form type “S-3” instead of form type “S-3ASR.” The company intends to file a new automatic shelf registration statement with the proper EDGAR codes to identify it as a filing on form type “S-3ASR” shortly after submitting this request.