Green Dot Corporation (GDOT) Receives Consensus Rating of “Buy” from Brokerages
Shares of Green Dot Corporation (NYSE:GDOT) have been assigned a consensus rating of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.89.
A number of research analysts have issued reports on the stock. ValuEngine cut shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Monday. Northland Securities reiterated an “outperform” rating and set a $55.00 price objective (up from $47.00) on shares of Green Dot Corporation in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Citigroup Inc. boosted their price objective on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, BidaskClub downgraded Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th.
In other Green Dot Corporation news, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $49.04, for a total value of $392,074.80. Following the completion of the transaction, the insider now directly owns 217,010 shares of the company’s stock, valued at $10,642,170.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth C. Aldrich sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the transaction, the director now directly owns 20,142 shares of the company’s stock, valued at $805,881.42. The disclosure for this sale can be found here. Insiders sold 148,156 shares of company stock worth $6,699,117 in the last 90 days. Company insiders own 11.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GDOT. Suntrust Banks Inc. grew its stake in shares of Green Dot Corporation by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 175 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Green Dot Corporation by 2.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 300 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Green Dot Corporation by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 470 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Green Dot Corporation by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Green Dot Corporation by 2.2% in the 1st quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.
Green Dot Corporation (NYSE GDOT) traded up 1.71% during trading on Wednesday, hitting $50.43. The stock had a trading volume of 480,339 shares. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $50.45. The company’s 50 day moving average is $47.81 and its 200 day moving average is $39.72. The firm has a market cap of $2.54 billion, a PE ratio of 42.88 and a beta of 1.00.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Equities research analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current year.
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Green Dot Corporation Company Profile
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.
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