Green Dot (GDOT) Rating Reiterated by Cowen

Green Dot (NYSE:GDOT)‘s stock had its “hold” rating restated by stock analysts at Cowen in a research note issued to investors on Friday. They presently have a $55.00 price objective on the financial services provider’s stock. Cowen’s price objective indicates a potential downside of 10.73% from the company’s current price.

Other analysts also recently issued reports about the stock. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research note on Wednesday, September 20th. Guggenheim reissued a “buy” rating on shares of Green Dot in a research note on Wednesday. Jefferies Group reissued a “buy” rating and issued a $53.00 price target on shares of Green Dot in a research note on Thursday, October 12th. Citigroup boosted their price target on shares of Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.54.

Shares of Green Dot (GDOT) opened at $61.61 on Friday. Green Dot has a fifty-two week low of $24.99 and a fifty-two week high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3,130.00, a price-to-earnings ratio of 44.64 and a beta of 0.95.

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

In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $55.68, for a total value of $148,387.20. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at $9,834,257.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $53.82, for a total transaction of $430,290.90. Following the completion of the transaction, the insider now owns 176,621 shares in the company, valued at approximately $9,505,742.22. The disclosure for this sale can be found here. Insiders sold 287,541 shares of company stock worth $17,415,786 in the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. KAMES CAPITAL plc increased its position in shares of Green Dot by 23.6% in the fourth quarter. KAMES CAPITAL plc now owns 158,225 shares of the financial services provider’s stock valued at $9,533,000 after acquiring an additional 30,162 shares during the period. Shelton Capital Management purchased a new position in shares of Green Dot during the third quarter valued at about $210,000. California Public Employees Retirement System increased its position in shares of Green Dot by 17.7% during the third quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock valued at $3,952,000 after buying an additional 12,002 shares during the period. Crestline Management LP purchased a new position in shares of Green Dot during the third quarter valued at about $1,013,000. Finally, Vident Investment Advisory LLC increased its position in shares of Green Dot by 2.1% during the third quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock valued at $3,270,000 after buying an additional 1,383 shares during the period. Hedge funds and other institutional investors own 79.15% 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.

Analyst Recommendations for Green Dot (NYSE:GDOT)

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