Harvest Capital Strategies Has Lowered Green Dot (GDOT) Holding; Wells Fargo & Company (WFC) Has 0.88 Sentiment

December 6, 2017 - By Migdalia James

Harvest Capital Strategies Llc decreased Green Dot Corp (GDOT) stake by 4.7% reported in 2017Q2 SEC filing. Harvest Capital Strategies Llc sold 200,923 shares as Green Dot Corp (GDOT)’s stock rose 33.10%. The Harvest Capital Strategies Llc holds 4.07 million shares with $156.96M value, down from 4.27M last quarter. Green Dot Corp now has $2.98 billion valuation. The stock increased 0.94% or $0.56 during the last trading session, reaching $60.12. About 105,409 shares traded. Green Dot Corporation (NYSE:GDOT) has risen 53.57% since December 6, 2016 and is uptrending. It has outperformed by 36.87% the S&P500.

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $289.28 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 15.18 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $1.34 million activity.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 12. They expect $1.04 EPS, up 0.97% or $0.01 from last year’s $1.03 per share. WFC’s profit will be $5.12 billion for 14.12 P/E if the $1.04 EPS becomes a reality. After $1.04 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Ratings analysis reveals 38% of Wells Fargo’s analysts are positive. Out of 13 Wall Street analysts rating Wells Fargo, 5 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $44.0 while the high is $65.0. The stock’s average target of $50.62 is -13.82% below today’s ($58.74) share price. WFC was included in 14 notes of analysts from September 15, 2016. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, September 21 report. Robert W. Baird upgraded Wells Fargo & Company (NYSE:WFC) on Monday, September 19 to “Outperform” rating. On Tuesday, January 3 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Hold” rating on Wednesday, January 18 by Argus Research. The stock has “Hold” rating by Jefferies on Monday, November 28. The stock has “Neutral” rating by Credit Suisse on Thursday, February 16. Piper Jaffray upgraded the stock to “Neutral” rating in Monday, April 10 report. The rating was maintained by Deutsche Bank with “Buy” on Thursday, September 22. The firm has “Underperform” rating by Raymond James given on Tuesday, October 4. The stock of Wells Fargo & Company (NYSE:WFC) earned “Overweight” rating by Morgan Stanley on Tuesday, September 20.

The stock increased 0.33% or $0.19 during the last trading session, reaching $58.74. About 11.08 million shares traded. Wells Fargo & Company (WFC) has risen 9.67% since December 6, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Daily Journal Corp holds 58.07% of its portfolio in Wells Fargo & Company for 1.59 million shares. American Assets Inc owns 1.75 million shares or 29.53% of their US portfolio. Moreover, Vantage Investment Partners Llc has 29.27% invested in the company for 5.81 million shares. The United Kingdom-based Theleme Partners Llp has invested 21.37% in the stock. Brandywine Trust Co, a Delaware-based fund reported 304,853 shares.

Among 18 analysts covering Green Dot (NYSE:GDOT), 8 have Buy rating, 0 Sell and 10 Hold. Therefore 44% are positive. Green Dot had 41 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, November 6, the company rating was downgraded by BTIG Research. Guggenheim initiated the shares of GDOT in report on Thursday, January 5 with “Buy” rating. William Blair upgraded Green Dot Corporation (NYSE:GDOT) on Wednesday, August 9 to “Buy” rating. The stock of Green Dot Corporation (NYSE:GDOT) earned “Buy” rating by Citigroup on Tuesday, January 17. Deutsche Bank maintained Green Dot Corporation (NYSE:GDOT) on Wednesday, August 9 with “Hold” rating. As per Wednesday, October 11, the company rating was downgraded by Lake Street. The stock of Green Dot Corporation (NYSE:GDOT) has “Neutral” rating given on Wednesday, August 5 by Compass Point. The firm has “Buy” rating by Northland Capital given on Monday, August 7. The firm has “Hold” rating by Cowen & Co given on Wednesday, October 11. The firm has “Neutral” rating given on Friday, March 18 by BTIG Research.

Since June 12, 2017, it had 0 insider buys, and 1 sale for $198,460 activity. Shifke Mark L sold $198,460 worth of stock.

Harvest Capital Strategies Llc increased Everbridge Inc stake by 50,000 shares to 400,000 valued at $9.74M in 2017Q2. It also upped Freshpet Inc (NASDAQ:FRPT) stake by 21,193 shares and now owns 321,193 shares. John Bean Technologies Corp (NYSE:JBT) was raised too.

Investors sentiment decreased to 0.91 in 2017 Q2. Its down 0.28, from 1.19 in 2017Q1. It turned negative, as 20 investors sold GDOT shares while 73 reduced holdings. 37 funds opened positions while 48 raised stakes. 36.72 million shares or 4.96% less from 38.63 million shares in 2017Q1 were reported. Kames Public Ltd has 126,053 shares for 0% of their portfolio. Lyon Street Lc stated it has 5.62% in Green Dot Corporation (NYSE:GDOT). Daiwa Securities Gp reported 2,800 shares stake. State Common Retirement Fund has invested 0% of its portfolio in Green Dot Corporation (NYSE:GDOT). 163,101 are owned by Ascend Capital Limited Liability Corporation. Pinebridge Investments Limited Partnership owns 53,036 shares. Jacobs Levy Equity Mgmt holds 0.17% or 205,210 shares. Peak6 Invs Ltd Partnership stated it has 0% in Green Dot Corporation (NYSE:GDOT). Whittier Trust has 1,057 shares for 0% of their portfolio. Amalgamated State Bank owns 0.01% invested in Green Dot Corporation (NYSE:GDOT) for 6,367 shares. Advisors Preferred Llc reported 978 shares. Timpani Capital Management Ltd Liability holds 136,557 shares or 1.95% of its portfolio. Panagora Asset Management reported 156,393 shares stake. Investment Mgmt Of Virginia Ltd Limited Liability Company invested 0.34% in Green Dot Corporation (NYSE:GDOT). The Pennsylvania-based Stevens Cap Ltd Partnership has invested 0.04% in Green Dot Corporation (NYSE:GDOT).

Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on February, 28. They expect $0.15 EPS, up 50.00% or $0.05 from last year’s $0.1 per share. GDOT’s profit will be $7.43 million for 100.20 P/E if the $0.15 EPS becomes a reality. After $0.21 actual EPS reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

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