Brokerages Set Green Dot Corp. (GDOT) PT at $24.88
Green Dot Corp. (NYSE:GDOT) has earned an average rating of “Hold” from the eleven analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.88.
GDOT has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Green Dot Corp. from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, August 8th. Zacks Investment Research cut shares of Green Dot Corp. from a “hold” rating to a “sell” rating in a research report on Monday, November 14th. TheStreet cut shares of Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. BTIG Research restated a “hold” rating on shares of Green Dot Corp. in a report on Sunday, November 13th. Finally, Morgan Stanley set a $23.00 price objective on shares of Green Dot Corp. and gave the company a “hold” rating in a report on Friday, August 5th.
Shares of Green Dot Corp. (NYSE:GDOT) opened at 24.51 on Friday. Green Dot Corp. has a 52-week low of $15.28 and a 52-week high of $24.56. The company’s 50-day moving average is $22.84 and its 200-day moving average is $22.99. The stock has a market cap of $1.23 billion, a PE ratio of 34.52 and a beta of 1.05.
Green Dot Corp. (NYSE:GDOT) last announced its quarterly 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 net margin of 5.22% and a return on equity of 7.76%. The business earned $154.60 million during the quarter, compared to analysts’ expectations of $151.72 million. During the same period last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Green Dot Corp. will post $1.43 EPS for the current year.
In other news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $22.97, for a total transaction of $114,850.00. Following the completion of the sale, the chief financial officer now owns 820,770 shares in the company, valued at approximately $18,853,086.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kuan Archer sold 12,098 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $23.46, for a total transaction of $283,819.08. Following the sale, the chief operating officer now owns 128,627 shares of the company’s stock, valued at approximately $3,017,589.42. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in shares of Green Dot Corp. by 305.4% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,646 shares of the financial services provider’s stock valued at $107,000 after buying an additional 3,500 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Green Dot Corp. by 33.1% in the second quarter. Teacher Retirement System of Texas now owns 6,435 shares of the financial services provider’s stock valued at $148,000 after buying an additional 1,599 shares during the period. Smith Asset Management Group LP acquired a new stake in Green Dot Corp. during the third quarter valued at approximately $175,000. Penserra Capital Management LLC increased its stake in Green Dot Corp. by 20.1% in the second quarter. Penserra Capital Management LLC now owns 8,192 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,371 shares during the period. Finally, Mason Street Advisors LLC acquired a new stake in Green Dot Corp. during the second quarter valued at approximately $194,000. Institutional investors and hedge funds own 77.68% 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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