Green Dot Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:GDOT)
Shares of Green Dot (NASDAQ:GDOT) have received an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.94.
Green Dot (NASDAQ:GDOT) traded up 0.68% on Friday, hitting $19.37. 9,777 shares of the company’s stock traded hands. Green Dot has a 52 week low of $16.53 and a 52 week high of $26.87. The stock’s 50-day moving average is $18.32 and its 200-day moving average is $19.06. The company has a market cap of $777.1 million and a price-to-earnings ratio of 23.72.
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. Analysts expect that Green Dot will post $1.42 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Green Dot in a research note on Tuesday, August 5th. They now have a $26.00 price target on the stock, up previously from $25.00. Separately, analysts at Zacks upgraded shares of Green Dot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $20.80 price target on the stock. Finally, analysts at Nomura reiterated a “hold” rating on shares of Green Dot in a research note on Friday, August 1st. They now have a $22.50 price target on the stock, up previously from $22.00.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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