Green Dot (NYSE:GDOT) has been assigned a $79.00 price target by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s target price would indicate a potential downside of 8.06% from the company’s current price.
A number of other research analysts have also commented on the stock. ValuEngine lowered shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Craig Hallum restated a “buy” rating on shares of Green Dot in a research report on Friday, September 14th. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Guggenheim restated a “buy” rating and set a $88.00 price target on shares of Green Dot in a research report on Thursday, August 9th. Finally, Loop Capital boosted their price target on shares of Green Dot to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $89.82.
Green Dot stock traded down $6.91 during mid-day trading on Thursday, reaching $85.93. The company’s stock had a trading volume of 779,515 shares, compared to its average volume of 440,837. Green Dot has a 12-month low of $54.08 and a 12-month high of $93.00. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 37.56 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.
Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.13. The firm had revenue of $230.58 million during the quarter, compared to analyst estimates of $223.95 million. Green Dot had a net margin of 11.47% and a return on equity of 15.10%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. On average, equities research analysts forecast that Green Dot will post 2.4 EPS for the current year.
In other Green Dot news, CEO Steven W. Streit sold 9,860 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $89.82, for a total value of $885,625.20. Following the completion of the sale, the chief executive officer now directly owns 323,202 shares of the company’s stock, valued at $29,030,003.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven W. Streit sold 43,396 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $87.02, for a total transaction of $3,776,319.92. Following the completion of the sale, the insider now directly owns 236,471 shares of the company’s stock, valued at $20,577,706.42. The disclosure for this sale can be found here. Insiders have sold a total of 426,362 shares of company stock valued at $35,029,225 over the last ninety days. 11.00% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of GDOT. Victory Capital Management Inc. bought a new position in shares of Green Dot during the third quarter valued at about $56,810,000. BlackRock Inc. raised its stake in shares of Green Dot by 9.1% during the second quarter. BlackRock Inc. now owns 7,231,132 shares of the financial services provider’s stock valued at $530,692,000 after acquiring an additional 601,340 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Green Dot by 1,683.7% during the second quarter. Voya Investment Management LLC now owns 499,775 shares of the financial services provider’s stock valued at $36,678,000 after acquiring an additional 471,756 shares during the last quarter. KAMES CAPITAL plc raised its stake in shares of Green Dot by 146.8% during the third quarter. KAMES CAPITAL plc now owns 704,566 shares of the financial services provider’s stock valued at $62,580,000 after acquiring an additional 419,034 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Green Dot by 284.0% during the second quarter. FMR LLC now owns 409,600 shares of the financial services provider’s stock valued at $30,061,000 after acquiring an additional 302,936 shares during the last quarter. 84.62% of the stock is owned by institutional investors and hedge funds.
About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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