ValuEngine upgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Several other research firms also recently issued reports on GDOT. Zacks Investment Research raised Green Dot from a sell rating to a hold rating and set a $29.00 price objective for the company in a research note on Tuesday, August 13th. SunTrust Banks lowered their price objective on Green Dot to $40.00 and set a buy rating for the company in a research note on Friday, November 8th. Guggenheim downgraded Green Dot from a buy rating to a neutral rating in a research note on Monday, November 11th. TheStreet downgraded Green Dot from a b- rating to a c+ rating in a research note on Thursday, August 8th. Finally, Northland Securities reaffirmed a buy rating and issued a $35.00 price objective on shares of Green Dot in a research note on Tuesday, October 29th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $42.83.

NYSE GDOT traded down $0.74 during trading on Thursday, hitting $24.60. 901,958 shares of the company’s stock were exchanged, compared to its average volume of 791,588. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.33 billion, a PE ratio of 9.72 and a beta of 1.11. Green Dot has a fifty-two week low of $22.45 and a fifty-two week high of $85.65. The stock’s 50 day moving average price is $25.39 and its two-hundred day moving average price is $38.36.

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

In related news, CRO Brett Narlinger sold 5,602 shares of the company’s 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 sale, the executive now directly owns 71,624 shares in the company, valued at $2,028,391.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Retirement Systems of Alabama boosted its holdings in Green Dot by 0.4% in the second quarter. Retirement Systems of Alabama now owns 62,223 shares of the financial services provider’s stock valued at $3,043,000 after acquiring an additional 226 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Green Dot by 38.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock worth $65,000 after buying an additional 371 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Green Dot by 9.3% during the 2nd quarter. Profund Advisors LLC now owns 6,077 shares of the financial services provider’s stock worth $297,000 after buying an additional 515 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Green Dot by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 34,720 shares of the financial services provider’s stock worth $1,698,000 after buying an additional 522 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Green Dot by 10.0% during the 2nd quarter. Pitcairn Co. now owns 6,558 shares of the financial services provider’s stock worth $321,000 after buying an additional 595 shares in the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

Green Dot Company Profile

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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