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Green Dot (NASDAQ:GDOT) was downgraded by stock analysts at Raymond James from a “market perform” rating to an “underperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

A number of other analysts have also recently weighed in on GDOT. 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.94.

Shares of Green Dot (NASDAQ:GDOT) opened at 19.30 on Wednesday. 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 $18.43 and a 200-day moving average of $18.8. The company has a market cap of $774.3 million and a P/E ratio of 23.80.

Green Dot (NASDAQ:GDOT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.33 earnings per share. Green Dot’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Green Dot will post $1.42 EPS for the current fiscal year.

Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.

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