Green Dot Corporation (GDOT) Sets New 12-Month High at $47.09
Green Dot Corporation (NYSE:GDOT) reached a new 52-week high on Wednesday . The stock traded as high as $47.09 and last traded at $46.76, with a volume of 253,546 shares trading hands. The stock had previously closed at $46.45.
Several equities research analysts have recently weighed in on GDOT shares. Zacks Investment Research cut Green Dot Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. increased their price objective on Green Dot Corporation from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Lake Street Capital started coverage on Green Dot Corporation in a research report on Monday, June 26th. They issued a “hold” rating and a $41.00 price objective for the company. Jefferies Group LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Green Dot Corporation in a research report on Monday, May 22nd. Finally, Keefe, Bruyette & Woods set a $37.00 price objective on Green Dot Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.33.
The company has a 50-day moving average of $40.50 and a 200 day moving average of $35.07. The stock has a market capitalization of $2.36 billion, a PE ratio of 39.77 and a beta of 1.06.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm’s revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Equities analysts predict that Green Dot Corporation will post $2.05 EPS for the current year.
In related news, Director Rajeev V. Date sold 4,674 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.45, for a total value of $212,433.30. Following the completion of the sale, the director now directly owns 2,889 shares in the company, valued at approximately $131,305.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John C. Ricci sold 3,686 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $35.97, for a total value of $132,585.42. Following the completion of the sale, the general counsel now owns 90,032 shares of the company’s stock, valued at $3,238,451.04. The disclosure for this sale can be found here. Insiders sold a total of 149,961 shares of company stock valued at $5,705,559 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in GDOT. Daiwa Securities Group Inc. purchased a new stake in Green Dot Corporation during the second quarter valued at about $108,000. IFP Advisors Inc increased its stake in Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after buying an additional 2,824 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Green Dot Corporation during the first quarter valued at about $118,000. Turner Investments LLC purchased a new stake in Green Dot Corporation during the second quarter valued at about $154,000. Finally, Riverhead Capital Management LLC increased its stake in Green Dot Corporation by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,429 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Green Dot Corporation (GDOT) Sets New 12-Month High at $47.09” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/16/green-dot-corporation-gdot-sets-new-12-month-high-at-47-09.html.
About Green Dot Corporation
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.
Receive News & Stock Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related stocks with our FREE daily email newsletter.