Green Dot (NYSE:GDOT)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks in a research note issued to investors on Friday. They presently have a $72.00 target price on the financial services provider’s stock. SunTrust Banks’ target price would suggest a potential upside of 8.76% from the stock’s current price.
Other equities analysts have also recently issued research reports about the company. Craig Hallum reissued a “buy” rating and issued a $75.00 price target (up previously from $70.00) on shares of Green Dot in a research note on Thursday. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $68.00 in a research note on Tuesday, February 13th. Guggenheim reissued a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Monday, November 13th. Finally, BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Wednesday, November 8th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.08.
Shares of Green Dot (NYSE:GDOT) traded down $0.10 on Friday, reaching $66.20. The company had a trading volume of 664,490 shares, compared to its average volume of 384,801. The stock has a market cap of $3,369.37, a PE ratio of 40.37 and a beta of 0.87. Green Dot has a 1 year low of $28.59 and a 1 year high of $69.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.96.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The firm had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. Green Dot’s revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. equities analysts anticipate that Green Dot will post 2.2 EPS for the current year.
In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $62.44, for a total transaction of $166,402.60. Following the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $11,028,215.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jess Unruh sold 5,670 shares of Green Dot stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $368,550.00. Following the transaction, the chief accounting officer now directly owns 99,075 shares in the company, valued at approximately $6,439,875. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 310,191 shares of company stock worth $18,818,357. Company insiders own 11.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GDOT. LS Investment Advisors LLC lifted its holdings in shares of Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,082 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Green Dot during the 4th quarter valued at about $185,000. Verition Fund Management LLC acquired a new stake in shares of Green Dot during the 4th quarter valued at about $216,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Green Dot during the 4th quarter valued at about $231,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after buying an additional 472 shares during the last quarter. 84.60% of the stock is currently owned by 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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