Green Dot (GDOT) PT Lowered to $90.00
Green Dot (NYSE:GDOT) had its price objective trimmed by SunTrust Banks to $90.00 in a research report sent to investors on Thursday morning, The Fly reports. The firm currently has a buy rating on the financial services provider’s stock.
Several other brokerages have also recently weighed in on GDOT. Barclays assumed coverage on shares of Green Dot in a research note on Wednesday, November 14th. They issued an overweight rating and a $103.00 price objective on the stock. Zacks Investment Research upgraded shares of Green Dot from a hold rating to a strong-buy rating and set a $91.00 price objective on the stock in a research note on Wednesday, November 14th. Finally, BTIG Research upgraded shares of Green Dot from a neutral rating to a buy rating and set a $94.00 price objective on the stock in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $92.25.
GDOT opened at $58.56 on Thursday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 23.15 and a beta of 0.76. Green Dot has a 52-week low of $56.23 and a 52-week high of $93.00.
In related news, CEO Steven W. Streit sold 7,701 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $57.89, for a total value of $445,810.89. Following the completion of the sale, the chief executive officer now directly owns 69,313 shares of the company’s stock, valued at approximately $4,012,529.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jess Unruh sold 2,147 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $78.45, for a total transaction of $168,432.15. Following the completion of the sale, the insider now directly owns 65,377 shares of the company’s stock, valued at $5,128,825.65. The disclosure for this sale can be found here. Insiders sold a total of 61,942 shares of company stock worth $4,302,063 in the last quarter. Company insiders own 9.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Group LLC increased its holdings in Green Dot by 3.9% in the 4th quarter. Renaissance Group LLC now owns 7,600 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 284 shares in the last quarter. Oberweis Asset Management Inc. increased its holdings in Green Dot by 0.4% in the 4th quarter. Oberweis Asset Management Inc. now owns 82,760 shares of the financial services provider’s stock worth $6,581,000 after acquiring an additional 315 shares in the last quarter. Ffcm LLC purchased a new stake in Green Dot during the 4th quarter valued at approximately $27,000. Bank of Montreal Can grew its holdings in Green Dot by 15.0% during the 4th quarter. Bank of Montreal Can now owns 2,628 shares of the financial services provider’s stock valued at $210,000 after buying an additional 343 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in Green Dot by 3.7% during the 4th quarter. Brown Advisory Inc. now owns 10,129 shares of the financial services provider’s stock valued at $806,000 after buying an additional 366 shares in the last quarter. 87.50% of the stock is owned by institutional investors.
Green Dot Company Profile
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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