Green Dot (NYSE:GDOT) received a $115.00 target price from research analysts at Craig Hallum in a report released on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Craig Hallum’s price target points to a potential upside of 33.83% from the company’s previous close.

Several other research firms also recently issued reports on GDOT. Deutsche Bank set a $79.00 price objective on Green Dot and gave the stock a “hold” rating in a report on Thursday. Loop Capital increased their price target on Green Dot to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Guggenheim reissued a “buy” rating and issued a $88.00 price target on shares of Green Dot in a research note on Thursday, August 9th. Finally, Jefferies Financial Group increased their price target on Green Dot from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Green Dot presently has an average rating of “Buy” and an average price target of $89.82.

NYSE:GDOT traded down $6.91 during trading hours on Thursday, hitting $85.93. 779,515 shares of the stock were exchanged, compared to its average volume of 440,837. Green Dot has a twelve month low of $54.08 and a twelve month high of $93.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 37.56 and a beta of 1.06.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.13. Green Dot had a return on equity of 15.10% and a net margin of 11.47%. The firm had revenue of $230.58 million for the quarter, compared to the consensus estimate of $223.95 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts predict that Green Dot will post 2.4 EPS for the current fiscal year.

In related news, insider Steven W. Streit sold 29,580 shares of the company’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $84.76, for a total value of $2,507,200.80. Following the completion of the sale, the insider now owns 84,519 shares in the company, valued at approximately $7,163,830.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven W. Streit sold 43,396 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $87.02, for a total transaction of $3,776,319.92. Following the completion of the sale, the insider now owns 236,471 shares of the company’s stock, valued at approximately $20,577,706.42. The disclosure for this sale can be found here. In the last three months, insiders sold 426,362 shares of company stock worth $35,029,225. 11.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Green Dot by 7.1% in the 3rd quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock valued at $687,983,000 after buying an additional 514,669 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Green Dot by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,734,700 shares of the financial services provider’s stock valued at $127,310,000 after buying an additional 143,700 shares in the last quarter. Carillon Tower Advisers Inc. increased its position in shares of Green Dot by 5.4% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,010,637 shares of the financial services provider’s stock valued at $74,170,000 after buying an additional 52,052 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Green Dot by 6.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 889,505 shares of the financial services provider’s stock valued at $79,004,000 after buying an additional 57,758 shares in the last quarter. Finally, KAMES CAPITAL plc increased its position in shares of Green Dot by 146.8% in the 3rd quarter. KAMES CAPITAL plc now owns 704,566 shares of the financial services provider’s stock valued at $62,580,000 after buying an additional 419,034 shares in the last quarter. Institutional investors and hedge funds own 84.62% of the company’s stock.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Analyst Recommendations for Green Dot (NYSE:GDOT)

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