Cowen reaffirmed their hold rating on shares of Green Dot (NYSE:GDOT) in a research note published on Friday morning. They currently have a $55.00 price objective on the financial services provider’s stock.

Several other analysts have also issued reports on GDOT. BidaskClub lowered Green Dot from a strong-buy rating to a buy rating in a research note on Thursday, September 14th. Citigroup boosted their target price on Green Dot from $48.00 to $54.00 and gave the company a buy rating in a research note on Monday, September 18th. SunTrust Banks restated a buy rating on shares of Green Dot in a research note on Wednesday, September 20th. Northland Securities restated an outperform rating and issued a $55.00 target price (up from $47.00) on shares of Green Dot in a research note on Tuesday, September 26th. Finally, ValuEngine lowered Green Dot from a buy rating to a hold rating in a research note on Monday, October 2nd. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Green Dot presently has an average rating of Buy and a consensus target price of $55.54.

Green Dot (NYSE:GDOT) opened at $61.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Green Dot has a 1 year low of $24.99 and a 1 year high of $65.88. The firm has a market capitalization of $3,131.02, a price-to-earnings ratio of 36.03 and a beta of 0.96.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. equities analysts expect that Green Dot will post 1.71 EPS for the current year.

In related news, insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.96, for a total transaction of $1,228,580.40. Following the sale, the insider now directly owns 176,621 shares in the company, valued at approximately $10,590,195.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $56.07, for a total value of $448,279.65. Following the sale, the insider now owns 176,621 shares in the company, valued at $9,903,139.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 284,876 shares of company stock worth $17,272,116. 11.00% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. grew its position in Green Dot by 2.4% during the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares in the last quarter. Virtu KCG Holdings LLC grew its position in Green Dot by 5.6% during the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock worth $376,000 after buying an additional 520 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Green Dot by 5.0% during the second quarter. Thrivent Financial For Lutherans now owns 26,450 shares of the financial services provider’s stock worth $1,019,000 after buying an additional 1,260 shares in the last quarter. Finally, Smith Asset Management Group LP grew its position in Green Dot by 10.6% during the third quarter. Smith Asset Management Group LP now owns 13,569 shares of the financial services provider’s stock worth $673,000 after buying an additional 1,303 shares in the last quarter. Institutional investors own 78.66% of the company’s stock.

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About Green Dot

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 (NYSE:GDOT)

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