Green Dot Corporation (NYSE:GDOT) has been assigned an average rating of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.29.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. restated a “buy” rating and issued a $46.00 price target (up from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Lake Street Capital assumed coverage on Green Dot Corporation in a research note on Monday, June 26th. They issued a “hold” rating and a $41.00 price target on the stock. Finally, Keefe, Bruyette & Woods set a $37.00 price target on Green Dot Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th.

Shares of Green Dot Corporation (NYSE:GDOT) opened at 39.80 on Tuesday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 40.90 and a beta of 1.06. The firm has a 50 day moving average price of $39.51 and a 200 day moving average price of $33.90. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $40.84.

Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.14. The firm had revenue of $253 million for the quarter, compared to the consensus estimate of $233.49 million. Green Dot Corporation had a return on equity of 10.11% and a net margin of 6.65%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities analysts forecast that Green Dot Corporation will post $1.95 EPS for the current year.

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In related news, COO Kuan Archer sold 12,356 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $40.22, for a total value of $496,958.32. Following the transaction, the chief operating officer now directly owns 117,024 shares of the company’s stock, valued at approximately $4,706,705.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel John C. Ricci sold 3,686 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $35.97, for a total value of $132,585.42. Following the completion of the transaction, the general counsel now directly owns 90,032 shares in the company, valued at $3,238,451.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,996 shares of company stock worth $8,357,963. 11.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA boosted its position in shares of Green Dot Corporation by 6.3% in the second quarter. Federated Investors Inc. PA now owns 53,536 shares of the financial services provider’s stock worth $2,063,000 after buying an additional 3,153 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Green Dot Corporation by 21.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 34,706 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 6,055 shares in the last quarter. Turner Investments LLC bought a new position in shares of Green Dot Corporation during the second quarter worth approximately $154,000. BNP Paribas Arbitrage SA boosted its position in shares of Green Dot Corporation by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock worth $617,000 after buying an additional 977 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Green Dot Corporation by 8.2% in the second quarter. Legal & General Group Plc now owns 84,898 shares of the financial services provider’s stock worth $3,270,000 after buying an additional 6,450 shares in the last quarter. 81.21% of the stock is currently owned by institutional investors.

Green Dot Corporation Company Profile

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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