Green Dot Corporation (GDOT) Given a $60.00 Price Target by Morgan Stanley Analysts

Morgan Stanley set a $60.00 price objective on Green Dot Corporation (NYSE:GDOT) in a report issued on Monday. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Green Dot Corporation from a hold rating to a buy rating and set a $71.00 price objective for the company in a research note on Monday, November 13th. Citigroup Inc. downgraded shares of Green Dot Corporation from a buy rating to a neutral rating and set a $66.00 price target for the company. in a research note on Monday, November 13th. Cowen and Company reissued a hold rating and issued a $52.00 price target on shares of Green Dot Corporation in a research note on Friday, November 10th. Deutsche Bank AG increased their price target on shares of Green Dot Corporation from $42.00 to $54.00 and gave the stock a hold rating in a research note on Wednesday, November 8th. Finally, BTIG Research raised shares of Green Dot Corporation from a neutral rating to a buy rating and set a $65.00 price target for the company in a research note on Wednesday, November 8th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $53.36.

Shares of Green Dot Corporation (GDOT) traded up $1.03 during trading hours on Monday, hitting $63.00. 472,500 shares of the stock traded hands, compared to its average volume of 355,690. The company has a market capitalization of $3,149.31, a P/E ratio of 36.24 and a beta of 0.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Corporation has a 52-week low of $23.39 and a 52-week high of $65.88.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. equities research analysts expect that Green Dot Corporation will post 1.71 earnings per share for the current fiscal year.

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In other news, General Counsel John C. Ricci sold 12,507 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $62.75, for a total transaction of $784,814.25. Following the sale, the general counsel now directly owns 60,707 shares in the company, valued at approximately $3,809,364.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven W. Streit sold 2,665 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $53.91, for a total transaction of $143,670.15. Following the sale, the chief executive officer now owns 176,621 shares in the company, valued at $9,521,638.11. The disclosure for this sale can be found here. Insiders sold 180,421 shares of company stock worth $9,861,353 over the last quarter. Insiders own 11.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of GDOT. Teachers Advisors LLC grew its stake in Green Dot Corporation by 9.3% during the first quarter. Teachers Advisors LLC now owns 216,924 shares of the financial services provider’s stock valued at $7,237,000 after acquiring an additional 18,430 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Green Dot Corporation by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after buying an additional 412,984 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Green Dot Corporation by 12.9% in the 1st quarter. Geode Capital Management LLC now owns 353,335 shares of the financial services provider’s stock worth $11,786,000 after buying an additional 40,265 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Green Dot Corporation in the 1st quarter worth $308,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Green Dot Corporation by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 193,066 shares of the financial services provider’s stock worth $6,441,000 after buying an additional 12,312 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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