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% |
