Green Dot Corp. Receives “Hold” Rating from SunTrust (GDOT)
Green Dot Corp. (NASDAQ:GDOT)‘s stock had its “hold” rating restated by research analysts at SunTrust in a report released on Monday, American Banking News reports. They currently have a $26.00 price objective on the stock. SunTrust’s price objective points to a potential upside of 2.56% from the company’s current price.
A number of other firms have also recently commented on GDOT. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $19.00 to $29.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $19.00 to $25.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. Finally, analysts at Compass Point upgraded shares of Green Dot Corp. (NASDAQ:GDOT) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 3rd. They now have a $30.00 price target on the stock, up previously from $26.00.
One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. Green Dot Corp. presently has a consensus rating of “Hold” and a consensus price target of $21.10.
Green Dot Corp. (NASDAQ:GDOT) traded up 0.24% during mid-day trading on Monday, hitting $25.35. The stock had a trading volume of 335,485 shares. Green Dot Corp. has a one year low of $9.54 and a one year high of $25.72. The stock’s 50-day moving average is $24.48 and its 200-day moving average is $19.49. The company has a market cap of $927.9 million and a price-to-earnings ratio of 23.79.
Green Dot Corp. (NASDAQ:GDOT) last announced its earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.04. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $135.10 million. During the same quarter last year, the company posted $0.35 earnings per share. Green Dot Corp.’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Green Dot Corp. will post $1.20 earnings per share for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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