Analyst Round-up: Green Dot Corporation Q2 Earnings

Following Thursday's second quarter earnings release, shares of Green Dot Corporation have rallied over nine percent Friday. In response to the company's results and guidance a number of analyst firms have issued notes detailing their opinion of the stock. The common sentiment seems to be to wait on the sidelines until there is more certainty in Green Dot's metrics.BTIG - Buy, $31"Green Dot announced that it had become further intertwined with Walmart (NYSE: WMT), which is responsible for approximately 55 percent of its revenues.""We continue to believe investors should initiate or add to positions at current levels as we view the shares are poised to rebound nicely during the coming months."Morgan Stanley - Equal-weight, $19"While Increase in fiscal 2014 EBITDA guidance should please the bulls, bears are likely to take issue with weaker than expected first half progress on revenues, which could set Green Dot up for a miss on unchanged revenue expectations."Deutsche Bank - Hold, $21"Green Dot revenues at Wal-Mart declined double-digits to 55 percent of total revenues from 65 percent of revenues in the second quarter of 2013 which the company attributed to increase usage of fee waiver plan. Although its unclear if increased competition from AXP BlueBird and Serve card negatively impacted revenues."Keefe, Bruyette & Woods - Market Perform, $21"Given lack of clarity around the Walmart renewal process looming in the near future as well as the fact that the ramp in revenues in the back half of the year is more meaningful than our previous expectations, we continue to wait for more visibility into key issues pertaining to the long-term growth of the company before becoming more constructive on the shares."