Green Dot (GDOT) Stock Rating Lowered by ValuEngine
Green Dot (NYSE:GDOT) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research firms also recently weighed in on GDOT. Craig Hallum began coverage on shares of Green Dot in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Monday, August 14th. Lake Street Capital downgraded shares of Green Dot from a “buy” rating to a “hold” rating and lifted their target price for the stock from $44.00 to $55.00 in a research report on Wednesday, October 11th. Morgan Stanley set a $60.00 target price on shares of Green Dot and gave the stock a “hold” rating in a research report on Monday, November 20th. Finally, Cowen reiterated a “hold” rating and set a $52.00 target price on shares of Green Dot in a research report on Friday, November 10th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $53.36.
Green Dot (NYSE GDOT) traded down $0.51 on Friday, hitting $61.27. 410,550 shares of the stock were exchanged, compared to its average volume of 459,464. Green Dot has a one year low of $23.39 and a one year high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3,113.74, a P/E ratio of 35.83 and a beta of 0.96.
In other Green Dot news, Director Kenneth C. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.54, for a total transaction of $495,400.00. Following the completion of the transaction, the director now owns 20,563 shares in the company, valued at approximately $1,018,691.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $62.20, for a total transaction of $497,289.00. Following the transaction, the insider now owns 176,621 shares of the company’s stock, valued at approximately $10,985,826.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,751 shares of company stock valued at $9,957,097. Company insiders own 11.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GDOT. Rothschild Asset Management Inc. bought a new position in Green Dot during the 3rd quarter worth approximately $29,051,000. Renaissance Technologies LLC raised its holdings in Green Dot by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after purchasing an additional 299,842 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Green Dot by 202.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after purchasing an additional 294,121 shares during the last quarter. GMT Capital Corp bought a new position in Green Dot during the 3rd quarter worth approximately $13,178,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Green Dot during the 3rd quarter worth approximately $7,420,000. Hedge funds and other institutional investors own 79.31% of the company’s stock.
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About Green Dot
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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