Green Dot Receives Average Rating of “Hold” from Analysts (NASDAQ:GDOT)
Shares of Green Dot (NASDAQ:GDOT) have earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, American Banking News.com reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.32.
In other Green Dot news, CEO Steven Streit sold 21,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $18.94, for a total transaction of $397,740.00. Following the sale, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at approximately $3,788,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on GDOT shares. Analysts at Zacks upgraded shares of Green Dot from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $20.10 price target on the stock. Separately, analysts at BTIG Research reiterated a “buy” rating on shares of Green Dot in a research note on Tuesday, April 8th. Finally, analysts at Compass Point cut their price target on shares of Green Dot from $30.00 to $28.00 in a research note on Monday, March 10th. They now have a “buy” rating on the stock.
Shares of Green Dot (NASDAQ:GDOT) opened at 18.53 on Monday. Green Dot has a 52 week low of $15.29 and a 52 week high of $26.87. The stock has a 50-day moving average of $20.12 and a 200-day moving average of $22.44. The company has a market cap of $700.4 million and a P/E ratio of 25.66.
Green Dot (NASDAQ:GDOT) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $142.30 million for the quarter, compared to the consensus estimate of $142.48 million. Analysts expect that Green Dot will post $1.27 EPS for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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