Cowen restated their market perform rating on shares of Green Dot (NYSE:GDOT) in a research note released on Thursday morning. They currently have a $62.00 target price on the financial services provider’s stock, up from their previous target price of $55.00.
Several other brokerages have also issued reports on GDOT. Morgan Stanley reaffirmed a hold rating and set a $62.00 price target (up previously from $60.00) on shares of Green Dot in a research note on Thursday. Citigroup lifted their price objective on Green Dot from $68.00 to $70.00 and gave the stock a buy rating in a report on Thursday. Zacks Investment Research upgraded Green Dot from a hold rating to a buy rating and set a $71.00 price objective on the stock in a report on Monday, November 13th. Deutsche Bank lifted their price objective on Green Dot from $42.00 to $54.00 and gave the stock a hold rating in a report on Wednesday, November 8th. Finally, Guggenheim reiterated a buy rating on shares of Green Dot in a report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $62.08.
Shares of Green Dot (GDOT) opened at $66.20 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 0.99. Green Dot has a 52 week low of $28.59 and a 52 week high of $69.37. The stock has a market capitalization of $3,364.28, a PE ratio of 40.37 and a beta of 0.87.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The firm had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue was up 30.9% compared to the same quarter last year. sell-side analysts forecast that Green Dot will post 2.2 EPS for the current year.
In related news, insider Steven W. Streit sold 12,495 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $62.68, for a total transaction of $783,186.60. Following the transaction, the insider now owns 178,121 shares in the company, valued at approximately $11,164,624.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Steven W. Streit sold 2,665 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $62.44, for a total value of $166,402.60. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $11,028,215.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,191 shares of company stock worth $18,818,357. 11.00% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. American International Group Inc. increased its holdings in Green Dot by 6.4% during the 3rd quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock valued at $1,793,000 after purchasing an additional 2,180 shares during the period. Rothschild Asset Management Inc. purchased a new position in Green Dot during the 3rd quarter valued at about $29,051,000. Nationwide Fund Advisors increased its holdings in Green Dot by 184.0% during the 3rd quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock valued at $6,439,000 after purchasing an additional 84,133 shares during the period. State Street Corp increased its holdings in Green Dot by 5.7% during the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after purchasing an additional 57,343 shares during the period. Finally, Boston Advisors LLC purchased a new position in Green Dot during the 3rd quarter valued at about $5,157,000. Institutional investors own 84.60% of the company’s stock.
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Green Dot Company Profile
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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