Janney Montgomery Scott Analysts Initiate Coverage on NetSpend (NTSP)
Friday, July 08, 2021 1:40 PM

Equities research analysts at Janney Montgomery Scott initiated coverage on shares of NetSpend (NASDAQ: NTSP) in a research note to investors on Friday. The analysts set a "neutral" rating on the stock.

Separately, analysts at Wedbush upgraded shares of NetSpend from a "neutral" rating to an "outperform" rating in a research note to investors on Friday, June 17th. Also, analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of NetSpend from $12.00 to $11.00 in a research note to investors on Friday, May 6th.

Shares of NetSpend traded down 3.15% during mid-day trading on Monday, hitting $9.53. NetSpend has a 52 week low of $7.85 and a 52 week high of $16.21. The stock's 50-day moving average is $8.64 and its 200-day moving average is $11.14. The company has a market cap of $850.9 million and a price-to-earnings ratio of 33.24.

NetSpend last announced its quarterly results on Thursday, May 5th. The company reported $0.11 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.12 EPS by $0.01. The company’s quarterly revenue was up 16.30% on a year-over-year basis. On average, analysts predict that NetSpend will post $0.11 EPS next quarter.

Net Spend Holdings, Inc. (NetSpend) is a provider of general-purpose reloadable prepaid debit cards (GPR) cards and related alternative financial services to underbanked consumers in the United States. The Company provides financial products and services adapted to meet its consumers financial services needs and preferences. In addition, its products and services provide its retail distributors to improve their customer relationships and generate incremental, ongoing revenue streams. The products the Company markets and processes are the products of MetaBank, Inter National Bank, SunTrust Bank and U.S. Bank, or collectively its issuing banks. The Company provides a feature suite of products and services to its cardholders, including direct deposit, MetaBank's iAdvance line of credit, overdraft protection through its issuing banks, complimentary insurance coverage and a variety of bill payment options.

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