Green Dot’s Hold Rating Reaffirmed at Nomura (GDOT)
Green Dot (NASDAQ:GDOT)‘s stock had its “hold” rating restated by stock analysts at Nomura in a report issued on Friday. They currently have a $22.50 target price on the stock, up from their previous target price of $22.00. Nomura’s target price suggests a potential upside of 14.21% from the company’s current price.
Shares of Green Dot (NASDAQ:GDOT) opened at 19.70 on Friday. Green Dot has a 1-year low of $16.53 and a 1-year high of $26.87. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $19.64. The company has a market cap of $789.0 million and a P/E ratio of 24.53.
Green Dot (NASDAQ:GDOT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $147.01 million for the quarter, compared to the consensus estimate of $154.16 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Green Dot will post $1.29 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GDOT. Analysts at Portales Partners downgraded shares of Green Dot from a “sector perform” rating to an “underperform” rating in a research note on Thursday, July 24th. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Green Dot from $23.00 to $21.00 in a research note on Thursday, July 10th. Finally, analysts at Citigroup Inc. upgraded shares of Green Dot from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.78.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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