Green Dot (GDOT) Lowered to “Hold” at ValuEngine

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.

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

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.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.com-unik.info/2017/12/05/green-dot-gdot-lowered-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Green Dot (NYSE:GDOT)

What are top analysts saying about Green Dot Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Green Dot Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit