Green Dot Upgraded to “Sector Perform” at Citigroup Inc. (GDOT)
Green Dot (NASDAQ:GDOT) was upgraded by analysts at Citigroup Inc. from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on GDOT. Analysts at Portales Partners upgraded shares of Green Dot from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Separately, analysts at Compass Point cut their price target on shares of Green Dot from $28.00 to $25.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Green Dot in a research note on Thursday, May 1st. They now have a $21.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Green Dot presently has an average rating of “Hold” and a consensus price target of $23.26.
In other Green Dot news, CEO Steven Streit sold 31,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $17.04, for a total transaction of $536,760.00. Following the completion of the transaction, the chief executive officer now directly owns 200,000 shares in the company, valued at approximately $3,408,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Green Dot (NASDAQ:GDOT) opened at 17.81 on Tuesday. Green Dot has a 52 week low of $16.53 and a 52 week high of $26.87. The stock has a 50-day moving average of $18.53 and a 200-day moving average of $21.77. The company has a market cap of $701.5 million and a P/E ratio of 23.91.
Green Dot (NASDAQ:GDOT) last released its earnings data on Wednesday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $159.30 million for the quarter, compared to the consensus estimate of $162.29 million. Analysts expect that Green Dot will post $1.29 EPS for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.