Green Dot (GDOT) Receives Outperform Rating from William Blair

Green Dot (NYSE:GDOT)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a research note issued on Monday.

GDOT has been the topic of several other reports. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cowen reiterated a “hold” rating and set a $55.00 target price on shares of Green Dot in a report on Friday, January 12th. Deutsche Bank raised their target price on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Wednesday, November 8th. Finally, ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $55.54.

Green Dot (GDOT) traded down $0.28 during midday trading on Monday, hitting $55.91. The stock had a trading volume of 412,779 shares, compared to its average volume of 284,558. The firm has a market cap of $2,840.00, a price-to-earnings ratio of 40.52 and a beta of 0.87. Green Dot has a fifty-two week low of $26.21 and a fifty-two week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

In other Green Dot news, COO Kuan Archer sold 18,000 shares of Green Dot stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $61.67, for a total transaction of $1,110,060.00. Following the sale, the chief operating officer now directly owns 106,450 shares in the company, valued at approximately $6,564,771.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of Green Dot stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.08, for a total value of $496,329.60. Following the sale, the insider now owns 176,621 shares in the company, valued at $10,964,631.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 323,989 shares of company stock worth $19,771,290. Company insiders own 11.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of GDOT. Eagle Asset Management Inc. purchased a new stake in Green Dot during the 4th quarter worth approximately $82,309,000. Carillon Tower Advisers Inc. bought a new stake in shares of Green Dot in the 4th quarter valued at approximately $57,764,000. Rothschild Asset Management Inc. bought a new stake in shares of Green Dot in the 3rd quarter valued at approximately $29,051,000. BlackRock Inc. increased its holdings in shares of Green Dot by 8.2% in the 4th quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after acquiring an additional 490,902 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of Green Dot by 2,582.7% in the 4th quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock valued at $19,432,000 after acquiring an additional 310,435 shares during the last quarter. Institutional investors own 78.53% 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.

Analyst Recommendations for Green Dot (NYSE:GDOT)

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