Guggenheim downgraded shares of Green Dot (NYSE:GDOT) from a buy rating to a neutral rating in a report released on Monday, The Fly reports.

Several other brokerages also recently commented on GDOT. ValuEngine downgraded Green Dot from a hold rating to a sell rating in a research report on Friday, November 8th. Canaccord Genuity started coverage on Green Dot in a research report on Thursday, September 12th. They issued a hold rating and a $29.00 price target on the stock. Keefe, Bruyette & Woods downgraded Green Dot from an outperform rating to a market perform rating and dropped their price target for the stock from $60.00 to $35.00 in a research report on Thursday, August 8th. Deutsche Bank lifted their price target on Green Dot from $29.00 to $34.00 and gave the stock a hold rating in a research report on Wednesday, October 30th. Finally, Craig Hallum dropped their price target on Green Dot from $50.00 to $40.00 and set a buy rating on the stock in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $42.83.

Shares of GDOT stock traded up $0.15 during trading on Monday, reaching $25.53. The company had a trading volume of 521,851 shares, compared to its average volume of 792,117. The firm’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $39.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01. Green Dot has a one year low of $22.45 and a one year high of $85.65. The company has a market capitalization of $1.32 billion, a PE ratio of 10.09 and a beta of 1.11.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.32. Green Dot had a return on equity of 14.94% and a net margin of 10.25%. The business had revenue of $240.40 million for the quarter, compared to the consensus estimate of $232.94 million. During the same period last year, the business earned $0.59 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that Green Dot will post 2.13 earnings per share for the current year.

In other Green Dot news, CRO Brett Narlinger sold 5,602 shares of Green Dot stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.32, for a total value of $158,648.64. Following the transaction, the executive now directly owns 71,624 shares of the company’s stock, valued at approximately $2,028,391.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cutler Group LP bought a new stake in shares of Green Dot during the second quarter valued at approximately $29,000. FNY Investment Advisers LLC bought a new stake in shares of Green Dot during the third quarter valued at approximately $25,000. Neo Ivy Capital Management bought a new stake in shares of Green Dot during the second quarter valued at approximately $63,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Green Dot by 38.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 371 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Green Dot during the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 79.58% of the company’s stock.

About Green Dot

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and 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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