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.
|Bank Payment||Remittance||Prepaid Issuer||All Payments|
|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%|