Its $0.48 in per share earnings exceeded investor expectations, as did its revenues of $145.5 million, up more than 20 percent over the year. But Green Dot still saw its stock lose value over the last five days of trading.
The likely culprit: a negative review from analysts at Compass Point, who downgraded the stock from a Buy to a Neutral. Compass Point referred to GDOT as being in a “transitional period,” and said that the firm “lacks near-term visibility,” according to TheStreet.com.
Late last week, the company said it would spend $14 million over the balance of 2012 to continue the operation of recent mobile-facing acquisition Loopt.
American Express stock reached a new high in Friday trading, coming just short of reaching a per share price of $61. But the week’s best performing stock was Netspend Holdings, which enjoyed a 6.7 percent boost to its stock price over the five-day period.
About the Bank Payment Indices
| Acquirer/ Processor |
Network | POS Equipment/ Software |
Bank Payment | Remittance | Prepaid Issuer | All Payments | |
| Closing | 123.79 | 169.83 | 139.79 | 101.52 | 98.48 | 53.71 | 125.62 |
| Weekly Gain (#) | 2.84 | 5.85 | 3.69 | 0.89 | 2.90 | 0.98 | 2.59 |
| Weekly Gain (%) | 2.34% | 3.57% | 2.71% | 0.88% | 3.03% | 1.86% | 2.10% |
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More