Green Dot Co. (NYSE:GDOT) Receives $37.73 Consensus Price Target from Analysts

Share on StockTwits

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.

GDOT stock traded up $0.30 during mid-day trading on Friday, reaching $25.16. The company had a trading volume of 426,136 shares, compared to its average volume of 777,448. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $25.51 and a two-hundred day simple moving average of $34.95. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.94 and a beta of 1.06. Green Dot has a 52 week low of $22.45 and a 52 week high of $84.00.

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.

See Also: Buyback For Investors Defined

Analyst Recommendations for Green Dot (NYSE:GDOT)

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.