Green Dot Co. (NYSE:GDOT) has earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.73.
A number of brokerages recently weighed in on GDOT. Craig Hallum lowered their target price on shares of Green Dot from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Jefferies Financial Group cut shares of Green Dot from a “buy” rating to a “hold” rating and cut their price target for the company from $62.00 to $32.00 in a research note on Thursday, September 5th. ValuEngine downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. Guggenheim lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. Finally, Zacks Investment Research raised shares of Green Dot from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a report on Tuesday, August 13th.
Institutional investors have recently made changes to their positions in the business. Coatue Management LLC bought a new stake in shares of Green Dot during the second quarter worth approximately $61,188,000. BlackRock Inc. lifted its holdings in shares of Green Dot by 6.4% during the second quarter. BlackRock Inc. now owns 6,140,997 shares of the financial services provider’s stock worth $300,294,000 after buying an additional 370,866 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Green Dot by 1,544.7% during the second quarter. Nuveen Asset Management LLC now owns 333,670 shares of the financial services provider’s stock worth $16,317,000 after buying an additional 313,383 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Green Dot in the second quarter valued at about $14,555,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Green Dot by 134.2% in the second quarter. Point72 Asset Management L.P. now owns 410,861 shares of the financial services provider’s stock valued at $20,091,000 after acquiring an additional 235,436 shares during the period. 82.51% of the stock is owned by institutional investors and hedge funds.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.32. The company had revenue of $240.40 million for the quarter, compared to analysts’ expectations of $232.94 million. Green Dot had a return on equity of 14.94% and a net margin of 10.25%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. On average, equities analysts predict that Green Dot will post 2.13 EPS for the current year.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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