Green Dot Corporation (NYSE:GDOT) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.
Several other equities research analysts have also recently commented on GDOT. Zacks Investment Research cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup Inc. boosted their price target on Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and boosted their price target for the company from $41.00 to $44.00 in a research note on Wednesday, August 9th. Finally, William Blair raised Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 9th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Green Dot Corporation currently has an average rating of “Buy” and a consensus target price of $47.91.
Green Dot Corporation (NYSE GDOT) opened at 54.02 on Tuesday. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $55.57. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 45.94 and a beta of 1.00. The company has a 50-day moving average of $49.11 and a 200 day moving average of $40.69.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. During the same quarter in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current year.
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In related news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $45.81, for a total value of $229,050.00. Following the completion of the sale, the chief financial officer now directly owns 757,575 shares in the company, valued at approximately $34,704,510.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $50.90, for a total value of $406,945.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,197 shares of company stock valued at $7,123,934. Corporate insiders own 11.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of Green Dot Corporation during the second quarter worth approximately $365,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot Corporation by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares during the last quarter. Castleark Management LLC lifted its holdings in shares of Green Dot Corporation by 34.7% during the second quarter. Castleark Management LLC now owns 494,144 shares of the financial services provider’s stock worth $19,039,000 after buying an additional 127,199 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Green Dot Corporation by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 35,322 shares of the financial services provider’s stock worth $1,361,000 after buying an additional 2,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Green Dot Corporation during the second quarter worth approximately $212,000. Institutional investors own 77.43% of the company’s stock.
Green Dot Corporation 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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