BidaskClub upgraded shares of Green Dot Corporation (NYSE:GDOT) from a buy rating to a strong-buy rating in a report released on Tuesday.
A number of other research analysts have also weighed in on the company. Citigroup Inc. lifted their target price on Green Dot Corporation from $48.00 to $54.00 and gave the company a buy rating in a report on Monday, September 18th. Zacks Investment Research lowered Green Dot Corporation from a buy rating to a hold rating in a report on Monday, July 17th. ValuEngine raised Green Dot Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Lake Street Capital initiated coverage on Green Dot Corporation in a report on Monday, June 26th. They set a hold rating and a $41.00 target price for the company. Finally, SunTrust Banks, Inc. reaffirmed a buy rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Green Dot Corporation has an average rating of Buy and an average target price of $45.91.
Shares of Green Dot Corporation (NYSE GDOT) opened at 54.71 on Tuesday. The company’s 50-day moving average is $48.90 and its 200 day moving average is $40.60. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $55.57. The company has a market cap of $2.76 billion, a PE ratio of 46.52 and a beta of 1.00.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current year.
In related news, Director Glinda Bridgforth-Hodges sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total value of $351,900.00. Following the completion of the sale, the director now owns 5,003 shares in the company, valued at approximately $234,740.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the sale, the insider now owns 217,010 shares of the company’s stock, valued at approximately $10,143,047.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,297 shares of company stock valued at $7,127,934. Corporate insiders own 11.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Green Dot Corporation by 113.5% in the 1st quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock worth $6,638,000 after buying an additional 105,791 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Green Dot Corporation in the 2nd quarter worth approximately $1,319,000. BlackRock Inc. lifted its position in Green Dot Corporation by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after buying an additional 38,814 shares during the last quarter. Arizona State Retirement System lifted its position in Green Dot Corporation by 2.2% in the 1st quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock worth $774,000 after buying an additional 500 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in Green Dot Corporation in the 1st quarter worth approximately $308,000. Institutional investors own 77.43% of the company’s stock.
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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