Green Dot Corporation (GDOT) Lowered to “Hold” at Lake Street Capital
Green Dot Corporation (NYSE:GDOT) was downgraded by equities research analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.
GDOT has been the topic of several other reports. Citigroup Inc. upped their price target on Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Zacks Investment Research lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub downgraded Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Green Dot Corporation in a research note on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.91.
Green Dot Corporation (NYSE:GDOT) opened at 54.71 on Wednesday. The stock has a market cap of $2.76 billion, a PE ratio of 46.52 and a beta of 1.00. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $55.57. The stock has a 50 day moving average price of $48.90 and a 200-day moving average price of $40.60.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s revenue was up 28.2% on a year-over-year basis. On average, analysts expect that Green Dot Corporation will post $2.05 EPS for the current year.
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In related news, Director Kenneth C. Aldrich sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the sale, the director now directly owns 20,142 shares in the company, valued at $805,881.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the sale, the insider now owns 217,010 shares of the company’s stock, valued at $10,143,047.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,297 shares of company stock worth $7,127,934. Company insiders own 11.00% of the company’s stock.
Several hedge funds have recently modified their holdings of GDOT. Swiss National Bank lifted its stake in Green Dot Corporation by 4.5% during the first quarter. Swiss National Bank now owns 74,400 shares of the financial services provider’s stock worth $2,482,000 after purchasing an additional 3,200 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Green Dot Corporation by 34.1% during the first quarter. UBS Asset Management Americas Inc. now owns 19,975 shares of the financial services provider’s stock worth $666,000 after buying an additional 5,076 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Green Dot Corporation during the first quarter worth $706,000. Ameritas Investment Partners Inc. acquired a new position in shares of Green Dot Corporation during the first quarter worth $118,000. Finally, Mason Street Advisors LLC increased its holdings in shares of Green Dot Corporation by 8.0% during the first quarter. Mason Street Advisors LLC now owns 10,422 shares of the financial services provider’s stock worth $348,000 after buying an additional 770 shares in the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.
About Green Dot Corporation
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.
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