ValuEngine downgraded shares of Green Dot (NYSE:GDOT) from a buy rating to a hold rating in a research note released on Friday.
A number of other equities analysts have also recently issued reports on the stock. Craig Hallum started coverage on shares of Green Dot in a research note on Thursday, October 5th. They issued a buy rating and a $70.00 price target on the stock. Citigroup upped their target price on shares of Green Dot from $48.00 to $54.00 and gave the company a buy rating in a research note on Monday, September 18th. Zacks Investment Research cut shares of Green Dot from a strong-buy rating to a hold rating in a research note on Tuesday, October 10th. Jefferies Group restated a buy rating and set a $53.00 target price on shares of Green Dot in a research note on Thursday, October 12th. Finally, BidaskClub cut shares of Green Dot from a strong-buy rating to a buy rating in a research note on Thursday, September 14th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $53.36.
Green Dot (NYSE:GDOT) opened at $59.81 on Friday. The stock has a market cap of $3,113.74, a PE ratio of 35.83 and a beta of 0.96. Green Dot has a one year low of $23.39 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.
In other news, Director Kenneth C. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $49.54, for a total transaction of $495,400.00. Following the completion of the sale, the director now owns 20,563 shares of the company’s stock, valued at approximately $1,018,691.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $63.08, for a total transaction of $504,324.60. Following the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $11,141,252.68. The disclosure for this sale can be found here. Insiders have sold a total of 175,751 shares of company stock worth $9,957,097 in the last 90 days. Company insiders own 11.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shelton Capital Management purchased a new stake in shares of Green Dot during the 3rd quarter valued at about $210,000. California Public Employees Retirement System increased its position in shares of Green Dot by 17.7% during the 3rd quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock valued at $3,952,000 after purchasing an additional 12,002 shares during the last quarter. Crestline Management LP purchased a new stake in Green Dot in the 3rd quarter worth approximately $1,013,000. Vident Investment Advisory LLC increased its holdings in Green Dot by 2.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock worth $3,270,000 after acquiring an additional 1,383 shares in the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in Green Dot in the 3rd quarter worth approximately $362,000. 79.26% of the stock is owned by hedge funds and other institutional investors.
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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.
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