Green Dot (NYSE:GDOT) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday.
GDOT has been the topic of several other research reports. SunTrust Banks reaffirmed a “buy” rating and set a $72.00 price objective on shares of Green Dot in a report on Friday, February 23rd. Guggenheim reaffirmed a “buy” rating and set a $76.00 price objective on shares of Green Dot in a report on Monday, February 26th. Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cowen reaffirmed a “hold” rating and set a $55.00 price objective on shares of Green Dot in a report on Friday, January 12th. Finally, ValuEngine raised Green Dot from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Green Dot has an average rating of “Buy” and a consensus price target of $63.29.
Green Dot (NYSE:GDOT) traded down $0.43 during trading on Tuesday, reaching $67.88. The company’s stock had a trading volume of 72,761 shares, compared to its average volume of 357,394. Green Dot has a one year low of $31.59 and a one year high of $69.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $3,477.52, a PE ratio of 41.45 and a beta of 0.79.
In related news, insider Steven W. Streit sold 12,495 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $66.75, for a total transaction of $834,041.25. Following the transaction, the insider now owns 178,121 shares of the company’s stock, valued at $11,889,576.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven W. Streit sold 20,490 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $61.39, for a total value of $1,257,881.10. Following the transaction, the insider now directly owns 176,621 shares in the company, valued at approximately $10,842,763.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 304,025 shares of company stock worth $18,675,266. Corporate insiders own 11.00% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new stake in Green Dot in the 4th quarter valued at approximately $231,000. MetLife Investment Advisors LLC purchased a new stake in Green Dot in the 4th quarter valued at approximately $1,297,000. Verition Fund Management LLC purchased a new stake in Green Dot in the 4th quarter valued at approximately $216,000. Raymond James & Associates purchased a new stake in Green Dot in the 4th quarter valued at approximately $1,002,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in Green Dot in the 4th quarter valued at approximately $968,000. 83.11% of the stock is currently owned by institutional investors.
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About Green Dot
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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