BTIG Research reissued their buy rating on shares of Green Dot (NYSE:GDOT) in a research note published on Sunday, The Fly reports. They currently have a $56.00 price target on the financial services provider’s stock, up from their previous price target of $48.00.
Other equities research analysts have also recently issued reports about the company. Citigroup lowered their target price on Green Dot from $36.00 to $22.00 and set a neutral rating for the company in a report on Thursday, March 26th. Craig Hallum upped their target price on Green Dot from $42.00 to $48.00 and gave the stock a buy rating in a report on Thursday, June 18th. Jefferies Financial Group reiterated a hold rating and issued a $32.00 target price on shares of Green Dot in a report on Tuesday, May 12th. Barclays lowered their target price on Green Dot from $42.00 to $39.00 and set an overweight rating for the company in a report on Monday, May 4th. Finally, Northland Securities upped their target price on Green Dot from $35.00 to $42.00 and gave the stock an outperform rating in a report on Wednesday, May 20th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Green Dot currently has a consensus rating of Hold and an average price target of $37.69.
GDOT opened at $49.08 on Friday. The business has a fifty day moving average of $38.43 and a 200 day moving average of $30.41. Green Dot has a 52-week low of $14.20 and a 52-week high of $51.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.45 billion, a P/E ratio of 32.08 and a beta of 1.08.
Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.34. Green Dot had a return on equity of 11.35% and a net margin of 7.32%. The company had revenue of $362.20 million during the quarter, compared to analysts’ expectations of $324.12 million. During the same quarter in the previous year, the business earned $1.51 EPS. Green Dot’s revenue was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Green Dot will post 0.89 EPS for the current fiscal year.
In other Green Dot news, Director Rajeev V. Date bought 6,000 shares of Green Dot stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $31.58 per share, with a total value of $189,480.00. Following the transaction, the director now directly owns 8,578 shares of the company’s stock, valued at approximately $270,893.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert Strub sold 4,603 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $25.00, for a total value of $115,075.00. Following the transaction, the chief operating officer now directly owns 101,533 shares in the company, valued at $2,538,325. The disclosure for this sale can be found here. Insiders have purchased a total of 40,250 shares of company stock worth $1,451,655 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc increased its position in Green Dot by 540.1% during the 1st quarter. Versant Capital Management Inc now owns 1,293 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,091 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Green Dot in the first quarter valued at about $69,000. Flagship Harbor Advisors LLC increased its holdings in shares of Green Dot by 1,325.0% in the first quarter. Flagship Harbor Advisors LLC now owns 2,850 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Green Dot by 46.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,025 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,275 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Green Dot by 19.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,181 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 690 shares during the period. 95.30% of the stock is currently owned by institutional investors.
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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