Green Dot Corp. Price Target Cut to $26.00 (GDOT)
Research analysts at JPMorgan Chase & Co. dropped their price objective on shares of Green Dot Corp. (NASDAQ:GDOT) from $28.00 to $26.00 in a report released on Wednesday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 2.12% from the stock’s previous close.
Shares of Green Dot Corp. (NASDAQ:GDOT) traded up 18.64% during mid-day trading on Wednesday, hitting $25.46. 4,674,828 shares of the company’s stock traded hands. Green Dot Corp. has a 52 week low of $10.65 and a 52 week high of $26.61. The stock’s 50-day moving average is $23.51 and its 200-day moving average is $21.04. The company has a market cap of $931.9 million and a price-to-earnings ratio of 20.19.
Green Dot Corp. (NASDAQ:GDOT) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $139.10 million for the quarter, compared to the consensus estimate of $137.05 million. During the same quarter last year, the company posted $0.29 earnings per share. Green Dot Corp.’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that Green Dot Corp. will post $1.20 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray Cos. upgraded shares of Green Dot Corp. from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock. Separately, analysts at Compass Point cut their price target on shares of Green Dot Corp. from $30.00 to $26.00 in a research note to investors on Thursday, October 17th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott downgraded shares of Green Dot Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, October 16th. They now have a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.63.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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