Green Dot (NYSE:GDOT) Downgraded to Neutral at Guggenheim
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.
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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