Green Dot Co. (GDOT) Given Average Rating of “Buy” by Brokerages

Green Dot Co. (NYSE:GDOT) has been given an average rating of “Buy” by the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $56.58.

A number of research analysts recently issued reports on GDOT shares. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, November 13th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, November 8th. Citigroup downgraded Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a research note on Monday, November 13th. Deutsche Bank boosted their price objective on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th.

Shares of Green Dot (GDOT) opened at $60.97 on Friday. The stock has a market capitalization of $3,072.58, a PE ratio of 44.18 and a beta of 0.96. Green Dot has a 52 week low of $23.66 and a 52 week high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96.

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

In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $53.91, for a total value of $143,670.15. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $9,521,638.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jess Unruh sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $60.00, for a total value of $780,000.00. Following the completion of the transaction, the insider now owns 108,788 shares of the company’s stock, valued at $6,527,280. The disclosure for this sale can be found here. Insiders sold a total of 261,386 shares of company stock valued at $15,755,459 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Green Dot by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after acquiring an additional 38,814 shares in the last quarter. State Street Corp raised its holdings in shares of Green Dot by 5.7% during the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of 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 acquiring an additional 299,842 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Green Dot by 11.0% during the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after acquiring an additional 59,905 shares in the last quarter. Finally, Rothschild Asset Management Inc. purchased a new stake in shares of Green Dot during the 3rd quarter worth approximately $29,051,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Green Dot (NYSE:GDOT)

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