Investment analysts at Craig Hallum assumed coverage on shares of Green Dot Corporation (NYSE:GDOT) in a report issued on Thursday. The firm set a “buy” rating and a $70.00 price target on the financial services provider’s stock. Craig Hallum’s price target points to a potential upside of 34.07% from the company’s current price.

A number of other brokerages also recently commented on GDOT. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Monday, August 14th. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. SunTrust Banks, Inc. restated a “buy” rating on shares of Green Dot Corporation in a research note on Wednesday, September 20th. Finally, Northland Securities restated an “outperform” rating and set a $55.00 price objective (up from $47.00) on shares of Green Dot Corporation in a research note on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.91.

Shares of Green Dot Corporation (GDOT) traded up 2.71% during trading on Thursday, hitting $52.21. 422,763 shares of the stock were exchanged. The stock has a market cap of $2.63 billion, a PE ratio of 44.40 and a beta of 1.00. Green Dot Corporation has a one year low of $21.45 and a one year high of $52.37. The stock’s 50 day moving average price is $48.23 and its 200 day moving average price is $40.02.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Equities research analysts predict that Green Dot Corporation will post $2.05 EPS for the current year.

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In other news, Director Glinda Bridgforth-Hodges sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total value of $351,900.00. Following the completion of the sale, the director now owns 5,003 shares in the company, valued at $234,740.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $50.90, for a total value of $406,945.50. The disclosure for this sale can be found here. In the last three months, insiders sold 166,151 shares of company stock valued at $7,601,462. Company insiders own 11.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. lifted its holdings in shares of Green Dot Corporation by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock valued at $282,000 after buying an additional 175 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after buying an additional 300 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after buying an additional 470 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after buying an additional 472 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.

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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