Green Dot Given Consensus Rating of “Hold” by Analysts (NASDAQ:GDOT)
Shares of Green Dot (NASDAQ:GDOT) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the company, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.94.
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.
Shares of Green Dot (NASDAQ:GDOT) opened at 18.87 on Friday. 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 $18.33 and a 200-day moving average of $18.97. The company has a market cap of $757.0 million and a P/E ratio of 23.58.
Green Dot (NASDAQ:GDOT) last posted its quarterly earnings results 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 $1.42 earnings per share for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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