Green Dot (NYSE:GDOT) Upgraded at ValuEngine
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.
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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