Green Dot Corporation (NYSE:GDOT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday, September 14th.
A number of other equities analysts have also commented on the company. ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a report on Monday, August 14th. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Deutsche Bank AG raised their price target on Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Lake Street Capital upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $42.22.
Shares of Green Dot Corporation (NYSE GDOT) opened at 48.42 on Thursday. The firm has a market cap of $2.44 billion, a P/E ratio of 41.17 and a beta of 1.01. The firm’s 50-day moving average price is $45.96 and its 200 day moving average price is $38.55. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $49.00.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. During the same period in the prior year, the company earned $0.27 earnings per share. Green Dot Corporation’s revenue was up 28.2% compared to the same quarter last year. On average, equities analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.
In related news, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.74, for a total value of $373,686.30. Following the sale, the insider now directly owns 217,010 shares of the company’s stock, valued at $10,143,047.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $39.86, for a total value of $199,300.00. Following the completion of the sale, the chief financial officer now directly owns 762,575 shares in the company, valued at $30,396,239.50. The disclosure for this sale can be found here. Insiders have sold 140,161 shares of company stock worth $6,307,042 over the last ninety days. Insiders own 11.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new stake in shares of Green Dot Corporation in the second quarter worth about $108,000. IFP Advisors Inc boosted its position in Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Green Dot Corporation during the 1st quarter valued at approximately $118,000. Turner Investments LLC bought a new stake in Green Dot Corporation during the 2nd quarter valued at approximately $154,000. Finally, Riverhead Capital Management LLC boosted its position in Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.
About Green Dot Corporation
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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