Equities research analysts at Craig Hallum began coverage on shares of Green Dot Corporation (NYSE:GDOT) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $70.00 price target on the financial services provider’s stock. Craig Hallum’s target price would indicate a potential upside of 30.04% from the company’s previous close.

GDOT has been the topic of several other research reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $46.00 price objective (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. BidaskClub downgraded Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG upped their price objective on Green Dot Corporation from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Northland Securities reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Green Dot Corporation in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Monday, August 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.91.

Green Dot Corporation (NYSE:GDOT) opened at 53.83 on Thursday. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $54.14. The firm’s 50-day moving average price is $48.44 and its 200 day moving average price is $40.17. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 45.77 and a beta of 1.00.

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

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In related news, Director Rajeev V. Date sold 4,674 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.45, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel John C. Ricci sold 20,707 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the sale, the general counsel now owns 91,163 shares of the company’s stock, valued at $4,303,805.23. The disclosure for this sale can be found here. Insiders have sold a total of 166,151 shares of company stock valued at $7,601,462 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Green Dot Corporation by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares in the last quarter. Vanguard Group Inc. increased its position in Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock valued at $136,503,000 after buying an additional 412,984 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Green Dot Corporation by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,753,768 shares of the financial services provider’s stock valued at $91,865,000 after buying an additional 19,113 shares in the last quarter. State Street Corp increased its position in Green Dot Corporation by 5.7% during the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 57,343 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Green Dot Corporation by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after buying an additional 299,842 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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