William Blair reissued their outperform rating on shares of Green Dot (NYSE:GDOT) in a research report sent to investors on Monday morning.

GDOT has been the topic of several other reports. Zacks Investment Research upgraded Green Dot from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research note on Monday, November 13th. Citigroup cut Green Dot from a buy rating to a neutral rating and set a $66.00 price objective on the stock. in a research note on Monday, November 13th. BTIG Research upgraded Green Dot from a neutral rating to a buy rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 8th. Deutsche Bank raised their price objective on Green Dot from $42.00 to $54.00 and gave the stock a hold rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut Green Dot from a buy rating to a hold rating in a research note on Friday, December 1st. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $55.69.

Green Dot (GDOT) opened at $60.46 on Monday. The company has a market capitalization of $3,070.00, a P/E ratio of 43.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. Green Dot has a one year low of $26.21 and a one year high of $65.88.

In other Green Dot news, insider Steven W. Streit sold 20,490 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $57.10, for a total value of $1,169,979.00. Following the sale, the insider now directly owns 176,621 shares in the company, valued at $10,085,059.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark L. Shifke sold 6,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $55.96, for a total value of $363,740.00. Following the completion of the sale, the chief financial officer now owns 713,333 shares in the company, valued at $39,918,114.68. The disclosure for this sale can be found here. Insiders sold 290,413 shares of company stock worth $17,652,394 over the last quarter. 11.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of GDOT. Eagle Asset Management Inc. acquired a new position in shares of Green Dot during the fourth quarter valued at $82,309,000. Carillon Tower Advisers Inc. acquired a new position in shares of Green Dot during the fourth quarter valued at $57,764,000. Rothschild Asset Management Inc. acquired a new position in shares of Green Dot during the third quarter valued at $29,051,000. BlackRock Inc. increased its holdings in shares of Green Dot by 8.2% during the fourth quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after purchasing an additional 490,902 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in shares of Green Dot by 2,582.7% during the fourth quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock valued at $19,432,000 after purchasing an additional 310,435 shares during the period. 78.53% of the stock is currently owned by institutional investors.

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Green Dot 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 (NYSE:GDOT)

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