Green Dot Corporation (NYSE:GDOT) has been assigned an average rating of “Buy” from the eighteen brokerages that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.33.
A number of brokerages have commented on GDOT. Zacks Investment Research cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup Inc. boosted their price objective on Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th.
In related news, CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $53.91, for a total value of $143,670.15. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares in the company, valued at $9,521,638.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $53.82, for a total transaction of $430,290.90. Following the completion of the sale, the insider now owns 176,621 shares of the company’s stock, valued at $9,505,742.22. The disclosure for this sale can be found here. Insiders sold 162,852 shares of company stock valued at $7,731,204 over the last quarter. 11.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Suntrust Banks Inc. boosted its holdings in Green Dot Corporation by 2.4% during the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 175 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Green Dot Corporation by 2.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC boosted its holdings in Green Dot Corporation by 3.6% during the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 470 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Green Dot Corporation by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Green Dot Corporation by 2.2% during the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Shares of Green Dot Corporation (NYSE GDOT) opened at 54.32 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of 46.19 and a beta of 1.00. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $55.57. The company has a 50 day moving average price of $50.37 and a 200 day moving average price of $41.68.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.
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About Green Dot Corporation
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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