Green Dot (NYSE:GDOT) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, November 13th, Marketbeat reports. They presently have a $66.00 price objective on the financial services provider’s stock. Citigroup’s price objective suggests a potential upside of 9.53% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. SunTrust Banks reiterated a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. BidaskClub upgraded Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Cowen reiterated a “hold” rating on shares of Green Dot in a research report on Thursday, August 10th. Jefferies Group reiterated a “buy” rating and set a $53.00 price objective on shares of Green Dot in a research report on Thursday, October 12th. Finally, Lake Street Capital upgraded Green Dot from a “hold” rating to a “buy” rating and increased their target price for the company from $41.00 to $44.00 in a report on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Green Dot currently has a consensus rating of “Buy” and an average target price of $53.36.
Shares of Green Dot (NYSE:GDOT) traded down $0.48 during trading hours on Monday, hitting $60.26. The stock had a trading volume of 207,857 shares, compared to its average volume of 386,212. Green Dot has a one year low of $23.39 and a one year high of $65.88. The firm has a market cap of $3,090.00, a P/E ratio of 43.67 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 news, CEO Steven W. Streit sold 6,830 shares of the stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $61.23, for a total value of $418,200.90. Following the completion of the sale, the chief executive officer now owns 176,621 shares in the company, valued at $10,814,503.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $50.90, for a total value of $406,945.50. The disclosure for this sale can be found here. Insiders sold 259,551 shares of company stock valued at $15,470,531 in the last 90 days. Corporate insiders own 11.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Daiwa Securities Group Inc. acquired a new position in shares of Green Dot in the second quarter worth $108,000. IFP Advisors Inc increased its stake in shares of Green Dot by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Green Dot in the second quarter worth $154,000. Ameritas Investment Partners Inc. increased its stake in shares of Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 472 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the last quarter. 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.
