Jefferies Group LLC reaffirmed their buy rating on shares of Green Dot Corporation (NYSE:GDOT) in a report issued on Thursday. The firm currently has a $53.00 target price on the financial services provider’s stock.
Several other equities analysts also recently issued reports on the stock. Citigroup Inc. boosted their price target on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a buy rating in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Green Dot Corporation from a buy rating to a hold rating in a report on Monday, July 17th. BidaskClub downgraded shares of Green Dot Corporation from a strong-buy rating to a buy rating in a report on Thursday, September 14th. ValuEngine raised shares of Green Dot Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Lake Street Capital started coverage on shares of Green Dot Corporation in a report on Monday, June 26th. They set a hold rating and a $41.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $47.91.
Green Dot Corporation (NYSE GDOT) traded down 0.76% during mid-day trading on Thursday, hitting $53.44. 328,252 shares of the stock traded hands. The stock has a 50-day moving average of $49.54 and a 200 day moving average of $40.99. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $55.57. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 45.44 and a beta of 1.00.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The company had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 28.2% compared to the same quarter last year. On average, equities analysts expect that Green Dot Corporation will post $2.05 EPS for the current year.
In other Green Dot Corporation news, General Counsel John C. Ricci sold 20,707 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $47.21, for a total value of $977,577.47. Following the sale, the general counsel now directly owns 91,163 shares in the company, valued at $4,303,805.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.81, for a total transaction of $229,050.00. Following the completion of the sale, the chief financial officer now owns 757,575 shares in the company, valued at $34,704,510.75. The disclosure for this sale can be found here. Insiders sold 152,192 shares of company stock valued at $7,157,243 in the last ninety days. Corporate insiders own 11.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of GDOT. Swiss National Bank raised its position in Green Dot Corporation by 4.5% in the first quarter. Swiss National Bank now owns 74,400 shares of the financial services provider’s stock worth $2,482,000 after acquiring an additional 3,200 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Green Dot Corporation by 34.1% in the first quarter. UBS Asset Management Americas Inc. now owns 19,975 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 5,076 shares in the last quarter. Karp Capital Management Corp bought a new stake in Green Dot Corporation in the first quarter worth about $706,000. Ameritas Investment Partners Inc. bought a new stake in Green Dot Corporation in the first quarter worth about $118,000. Finally, Mason Street Advisors LLC raised its position in Green Dot Corporation by 8.0% in the first quarter. Mason Street Advisors LLC now owns 10,422 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.
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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