Green Dot Corporation (NYSE:GDOT) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Several other equities research analysts have also commented on GDOT. Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a research note on Thursday, August 10th. Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $41.00 to $44.00 in a research note on Wednesday, August 9th. Deutsche Bank AG boosted their price objective on shares of Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. William Blair raised shares of Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.33.

Green Dot Corporation (NYSE:GDOT) opened at 46.92 on Thursday. The firm’s 50-day moving average is $45.49 and its 200 day moving average is $38.15. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $48.66. The firm has a market capitalization of $2.37 billion, a P/E ratio of 39.90 and a beta of 1.01.

Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, analysts expect that Green Dot Corporation will post $2.05 EPS for the current fiscal year.

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In other news, Director Rajeev V. Date sold 4,674 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.45, for a total transaction of $212,433.30. Following the completion of the transaction, the director now directly owns 2,889 shares of the company’s stock, valued at $131,305.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $46.74, for a total transaction of $373,686.30. Following the transaction, the insider now directly owns 217,010 shares of the company’s stock, valued at $10,143,047.40. The disclosure for this sale can be found here. Insiders have sold 132,166 shares of company stock valued at $5,918,805 over the last three months. 11.00% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDOT. Nationwide Fund Advisors increased its holdings in Green Dot Corporation by 45.9% during the first quarter. Nationwide Fund Advisors now owns 67,998 shares of the financial services provider’s stock valued at $2,268,000 after buying an additional 21,387 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Green Dot Corporation by 3.4% during the first quarter. Wells Fargo & Company MN now owns 186,683 shares of the financial services provider’s stock valued at $6,228,000 after buying an additional 6,176 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Green Dot Corporation by 9.2% during the first quarter. Great West Life Assurance Co. Can now owns 62,176 shares of the financial services provider’s stock valued at $2,074,000 after buying an additional 5,230 shares during the last quarter. First Trust Advisors LP increased its holdings in Green Dot Corporation by 44.3% during the first quarter. First Trust Advisors LP now owns 79,285 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 24,343 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Green Dot Corporation during the first quarter valued at approximately $5,378,000. 77.52% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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