Green Dot Co. (GDOT) Receives Average Recommendation of “Buy” from Analysts
Green Dot Co. (NYSE:GDOT) has earned a consensus rating of “Buy” from the nineteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $54.38.
A number of research analysts have recently weighed in on the company. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Northland Securities restated an “outperform” rating and issued a $55.00 price target (up previously from $47.00) on shares of Green Dot in a research report on Tuesday, September 26th. BidaskClub upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research report on Monday, August 14th. Finally, Cowen restated a “hold” rating and issued a $52.00 price target on shares of Green Dot in a research report on Friday, November 10th.
Green Dot (NYSE GDOT) opened at $61.21 on Monday. Green Dot has a 52-week low of $23.39 and a 52-week high of $65.88. The firm has a market capitalization of $3,110.69, a price-to-earnings ratio of 35.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.
In other Green Dot news, insider Steven W. Streit sold 20,490 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.96, for a total value of $1,228,580.40. Following the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $10,590,195.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $63.08, for a total value of $504,324.60. Following the completion of the sale, the insider now directly owns 176,621 shares in the company, valued at $11,141,252.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,076 shares of company stock valued at $11,211,887. 11.00% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the business. Daiwa Securities Group Inc. acquired a new stake in Green Dot in the 2nd quarter worth about $108,000. IFP Advisors Inc lifted its stake in shares of Green Dot by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,824 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Green Dot in the 2nd quarter valued at about $154,000. Riverhead Capital Management LLC lifted its stake in shares of Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Green Dot Co. (GDOT) Receives Average Recommendation of “Buy” from Analysts” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/12/11/green-dot-co-gdot-receives-average-recommendation-of-buy-from-analysts.html.
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.
Receive News & Ratings for Green Dot Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Co. and related companies with MarketBeat.com's FREE daily email newsletter.