A number of firms have modified their ratings and price targets on shares of Green Dot Corporation (NYSE: GDOT) recently:

  • 10/12/2017 – Green Dot Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $53.00 price target on the stock.
  • 10/11/2017 – Green Dot Corporation was downgraded by analysts at Lake Street Capital from a “buy” rating to a “hold” rating. They now have a $55.00 price target on the stock, up previously from $44.00.
  • 10/10/2017 – Green Dot Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/10/2017 – Green Dot Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Green Dot Corporation is a technology-centric, pro-consumer Bank Holding Company with a mission to reinvent personal banking for the masses. The company is the largest provider of prepaid debit card products and prepaid card reloading services in the United States, as well as a leader in mobile banking with its GoBank mobile bank account offering. Green Dot Corporation products are available to consumers at more than 80,000 retailers nationwide, online and via the leading app stores. The company is headquartered in Pasadena, California with its bank subsidiary, Green Dot Bank, located in Provo, Utah. “
  • 10/5/2017 – Green Dot Corporation is now covered by analysts at Craig Hallum. They set a “buy” rating and a $70.00 price target on the stock.
  • 10/2/2017 – Green Dot Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2017 – Green Dot Corporation had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $55.00 price target on the stock, up previously from $47.00.
  • 9/20/2017 – Green Dot Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 9/18/2017 – Green Dot Corporation had its price target raised by analysts at Citigroup Inc. from $48.00 to $54.00. They now have a “buy” rating on the stock.
  • 9/14/2017 – Green Dot Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/1/2017 – Green Dot Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/14/2017 – Green Dot Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Green Dot Corporation is a technology-centric, pro-consumer Bank Holding Company with a mission to reinvent personal banking for the masses. The company is the largest provider of prepaid debit card products and prepaid card reloading services in the United States, as well as a leader in mobile banking with its GoBank mobile bank account offering. Green Dot Corporation products are available to consumers at more than 80,000 retailers nationwide, online and via the leading app stores. The company is headquartered in Pasadena, California with its bank subsidiary, Green Dot Bank, located in Provo, Utah. “

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS.

In other news, COO Kuan Archer sold 12,356 shares of Green Dot Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $40.22, for a total transaction of $496,958.32. Following the sale, the chief operating officer now directly owns 117,024 shares in the company, valued at approximately $4,706,705.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rajeev V. Date sold 4,674 shares of Green Dot Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $45.45, for a total transaction of $212,433.30. Following the sale, the director now owns 2,889 shares in the company, valued at $131,305.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,192 shares of company stock worth $7,157,243. 11.00% of the stock is owned by company insiders.

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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