Green Dot Co. (NYSE:GDOT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $52.13 and last traded at $52.08, with a volume of 49868 shares changing hands. The stock had previously closed at $49.53.
A number of research firms recently commented on GDOT. ValuEngine lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Friday, May 1st. SunTrust Banks upped their price objective on shares of Green Dot from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Citigroup decreased their price objective on shares of Green Dot from $36.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Needham & Company LLC increased their price target on shares of Green Dot from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Craig Hallum increased their price target on shares of Green Dot from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.69.
The firm has a market capitalization of $2.71 billion, a P/E ratio of 32.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day moving average of $40.76 and a 200-day moving average of $31.24.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.34. The business had revenue of $362.20 million for the quarter, compared to analysts’ expectations of $324.12 million. Green Dot had a return on equity of 11.35% and a net margin of 7.32%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS. On average, research analysts forecast that Green Dot Co. will post 0.89 EPS for the current fiscal year.
In related news, Director Rajeev V. Date bought 6,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $31.58 per share, for a total transaction of $189,480.00. Following the purchase, the director now owns 8,578 shares in the company, valued at $270,893.24. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason Bibelheimer sold 12,806 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $512,240.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 40,250 shares of company stock worth $1,451,655 and sold 42,040 shares worth $1,953,042. Corporate insiders own 4.80% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Diversified Trust Co purchased a new stake in Green Dot during the 2nd quarter valued at $311,000. State of Alaska Department of Revenue increased its stake in shares of Green Dot by 9.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 45,970 shares of the financial services provider’s stock worth $2,256,000 after purchasing an additional 4,039 shares in the last quarter. State Street Corp increased its stake in shares of Green Dot by 5.1% in the 1st quarter. State Street Corp now owns 1,629,733 shares of the financial services provider’s stock worth $41,379,000 after purchasing an additional 79,111 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Green Dot by 20.4% in the 1st quarter. Royal Bank of Canada now owns 20,797 shares of the financial services provider’s stock worth $529,000 after purchasing an additional 3,529 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new stake in shares of Green Dot in the 1st quarter worth $703,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
About Green Dot (NYSE:GDOT)
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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