Green Dot Corp. (GDOT) Rating Reiterated by BTIG Research
Green Dot Corp. (NYSE:GDOT)‘s stock had its “hold” rating restated by research analysts at BTIG Research in a research note issued to investors on Sunday.
Several other analysts also recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Green Dot Corp. from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, August 8th. Jefferies Group reiterated a “buy” rating and issued a $28.00 target price on shares of Green Dot Corp. in a report on Friday, August 5th. TheStreet cut Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $23.00 target price on shares of Green Dot Corp. in a report on Friday, August 5th. Finally, Deutsche Bank AG lifted their target price on Green Dot Corp. from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.80.
Shares of Green Dot Corp. (NYSE:GDOT) traded up 5.75% during mid-day trading on Friday, hitting $23.53. 339,190 shares of the stock traded hands. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 33.14 and a beta of 1.05. The firm’s 50-day moving average is $22.57 and its 200-day moving average is $22.89. Green Dot Corp. has a 52 week low of $15.28 and a 52 week high of $24.41.
Green Dot Corp. (NYSE:GDOT) last posted its earnings results on Wednesday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Green Dot Corp. had a return on equity of 7.76% and a net margin of 5.22%. The company had revenue of $154.60 million for the quarter, compared to the consensus estimate of $151.72 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. Green Dot Corp.’s revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Green Dot Corp. will post $1.43 earnings per share for the current year.
In other Green Dot Corp. news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $22.77, for a total transaction of $113,850.00. Following the sale, the chief financial officer now owns 809,845 shares in the company, valued at approximately $18,440,170.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glinda Bridgforth-Hodges sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $23.35, for a total value of $151,775.00. Following the sale, the director now owns 9,614 shares in the company, valued at approximately $224,486.90. The disclosure for this sale can be found here. 11.00% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Piermont Capital Management Inc. acquired a new position in Green Dot Corp. during the third quarter worth $2,950,000. GMT Capital Corp acquired a new position in Green Dot Corp. during the third quarter worth $1,411,000. Principal Financial Group Inc. boosted its position in Green Dot Corp. by 0.9% in the third quarter. Principal Financial Group Inc. now owns 321,336 shares of the financial services provider’s stock worth $7,410,000 after buying an additional 3,001 shares during the last quarter. Northern Trust Corp boosted its position in Green Dot Corp. by 1.4% in the third quarter. Northern Trust Corp now owns 514,242 shares of the financial services provider’s stock worth $11,857,000 after buying an additional 7,066 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in Green Dot Corp. during the third quarter worth $4,114,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.
Green Dot Corp. Company Profile
Green Dot Corporation, along with its subsidiaries, 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.
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