Green Dot Corporation (NYSE:GDOT)‘s stock had its “buy” rating reissued by research analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $46.00 price target on the financial services provider’s stock, up from their previous price target of $40.00. Citigroup Inc.’s price objective indicates a potential upside of 15.81% from the stock’s current price.
A number of other analysts also recently issued reports on GDOT. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Green Dot Corporation in a report on Monday, May 22nd. Lake Street Capital began coverage on Green Dot Corporation in a research report on Monday, June 26th. They issued a “hold” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods set a $37.00 price target on Green Dot Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut Green Dot Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.45.
Green Dot Corporation (NYSE GDOT) traded up 0.33% during trading on Monday, reaching $39.72. The company had a trading volume of 356,388 shares. The company’s 50-day moving average is $39.14 and its 200 day moving average is $32.94. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $40.38. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 40.82 and a beta of 1.03.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $253 million during the quarter, compared to analyst estimates of $233.49 million. Green Dot Corporation had a return on equity of 10.11% and a net margin of 6.65%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. Equities analysts anticipate that Green Dot Corporation will post $1.95 EPS for the current year.
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In other news, General Counsel John C. Ricci sold 50,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $36.06, for a total transaction of $1,803,000.00. Following the transaction, the general counsel now owns 135,288 shares of the company’s stock, valued at $4,878,485.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John C. Ricci sold 30,709 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $36.16, for a total transaction of $1,110,437.44. Following the transaction, the general counsel now directly owns 115,997 shares in the company, valued at approximately $4,194,451.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 215,839 shares of company stock valued at $7,881,406. 11.00% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in GDOT. Russell Investments Group Ltd. raised its position in Green Dot Corporation by 18.8% in the first quarter. Russell Investments Group Ltd. now owns 380,083 shares of the financial services provider’s stock worth $12,680,000 after buying an additional 60,018 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in Green Dot Corporation during the first quarter worth approximately $750,000. Nationwide Fund Advisors raised its position in Green Dot Corporation by 45.9% in the first quarter. Nationwide Fund Advisors now owns 67,998 shares of the financial services provider’s stock worth $2,268,000 after buying an additional 21,387 shares in the last quarter. State of Alaska Department of Revenue raised its position in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in Green Dot Corporation during the first quarter worth approximately $367,000. Institutional investors own 80.14% of the company’s stock.
Green Dot Corporation Company Profile
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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