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.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same period last year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. equities analysts predict that Green Dot will post 1.71 earnings per share for the current fiscal year.

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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Analyst Recommendations for Green Dot (NYSE:GDOT)

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