Green Dot (GDOT) Rating Lowered to Neutral at Compass Point
Compass Point lowered shares of Green Dot (NYSE:GDOT) from a buy rating to a neutral rating in a research report report published on Tuesday, MarketBeat.com reports.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Green Dot from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Monday, November 13th. Citigroup boosted their price target on shares of Green Dot from $68.00 to $70.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Craig Hallum restated a buy rating and set a $75.00 price target (up from $70.00) on shares of Green Dot in a report on Thursday, February 22nd. Guggenheim restated a buy rating on shares of Green Dot in a report on Wednesday, January 10th. Finally, Loop Capital boosted their price target on shares of Green Dot to $76.00 and gave the stock a buy rating in a report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Green Dot has a consensus rating of Buy and an average price target of $63.29.
Shares of Green Dot (NYSE:GDOT) opened at $67.65 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The company has a market cap of $3,500.07, a PE ratio of 39.72 and a beta of 0.79. Green Dot has a 52-week low of $31.59 and a 52-week high of $69.37.
In other Green Dot news, CFO Mark L. Shifke sold 6,500 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $68.09, for a total value of $442,585.00. Following the transaction, the chief financial officer now directly owns 688,013 shares in the company, valued at $46,846,805.17. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $61.39, for a total transaction of $1,257,881.10. Following the completion of the transaction, the insider now owns 176,621 shares in the company, valued at $10,842,763.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,525 shares of company stock worth $19,117,851. Corporate insiders own 11.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Green Dot by 8.2% during the 4th quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after buying an additional 490,902 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Green Dot by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,422,090 shares of the financial services provider’s stock worth $85,695,000 after acquiring an additional 32,890 shares during the period. Eagle Asset Management Inc. bought a new stake in Green Dot during the 4th quarter worth approximately $82,309,000. Carillon Tower Advisers Inc. bought a new stake in Green Dot during the 4th quarter worth approximately $57,764,000. Finally, Rothschild Asset Management Inc. bought a new stake in Green Dot during the 3rd quarter worth approximately $29,051,000. Hedge funds and other institutional investors own 83.11% of the company’s stock.
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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.
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