Green Dot (NYSE:GDOT)‘s stock had its “hold” rating reiterated by investment analysts at Cowen in a research note issued to investors on Friday. They currently have a $55.00 price target on the financial services provider’s stock. Cowen’s price objective suggests a potential downside of 10.73% from the company’s current price.

GDOT has been the topic of a number of other research reports. BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Zacks Investment Research downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Citigroup raised their price target on shares of Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Deutsche Bank raised their price target on shares of Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.54.

Green Dot (GDOT) opened at $61.61 on Friday. The firm has a market cap of $3,122.38, a price-to-earnings ratio of 35.93 and a beta of 0.96. 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 has a twelve month low of $24.99 and a twelve month high of $65.88.

Green Dot (NYSE:GDOT) last released 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. The business had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. Green Dot’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. sell-side analysts forecast that Green Dot will post 1.71 earnings per share for the current fiscal year.

In related news, insider Steven W. Streit sold 7,995 shares of Green Dot stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $53.82, for a total value of $430,290.90. Following the transaction, the insider now owns 176,621 shares in the company, valued at approximately $9,505,742.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $53.91, for a total transaction of $143,670.15. Following the completion of the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $9,521,638.11. The disclosure for this sale can be found here. Insiders sold a total of 287,541 shares of company stock worth $17,415,786 in the last quarter. Insiders own 11.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Green Dot by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares during the last quarter. State Street Corp grew its position in Green Dot by 5.7% in the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after purchasing an additional 57,343 shares during the last quarter. Renaissance Technologies LLC grew its position in Green Dot by 57.4% in 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. Northern Trust Corp grew its position in Green Dot by 11.0% in the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after purchasing an additional 59,905 shares during the last quarter. Finally, Rothschild Asset Management Inc. acquired a new stake in Green Dot in the 3rd quarter worth $29,051,000. Institutional investors own 79.15% of the company’s stock.

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Green Dot Company Profile

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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