ValuEngine upgraded shares of Green Dot (NYSE:GDOT) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.
Other research analysts have also issued research reports about the company. Needham & Company LLC cut their price target on Green Dot from $75.00 to $60.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Loop Capital reaffirmed a buy rating and set a $75.00 price target on shares of Green Dot in a research report on Thursday, May 9th. Guggenheim lowered Green Dot from a buy rating to a neutral rating in a research report on Thursday, May 9th. Citigroup lowered Green Dot from a buy rating to a neutral rating in a research report on Thursday, May 9th. Finally, BTIG Research lowered Green Dot from a buy rating to a neutral rating in a research report on Thursday, May 9th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Green Dot currently has an average rating of Buy and an average price target of $81.85.
Shares of NYSE GDOT traded down $1.03 during midday trading on Thursday, hitting $48.52. 726,169 shares of the company’s stock were exchanged, compared to its average volume of 454,770. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 1.04. Green Dot has a twelve month low of $41.67 and a twelve month high of $93.00. The company has a market cap of $2.63 billion, a P/E ratio of 19.18 and a beta of 0.96. The firm has a fifty day simple moving average of $48.71.
Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.10. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The business had revenue of $340.51 million for the quarter, compared to analyst estimates of $330.17 million. During the same quarter last year, the company earned $1.40 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts anticipate that Green Dot will post 2.09 EPS for the current fiscal year.
In other news, CFO Mark L. Shifke sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $65.11, for a total value of $81,387.50. Following the transaction, the chief financial officer now owns 591,740 shares of the company’s stock, valued at $38,528,191.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Konrad Alt sold 919 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $41.91, for a total value of $38,515.29. Following the completion of the transaction, the insider now directly owns 76,724 shares in the company, valued at approximately $3,215,502.84. The disclosure for this sale can be found here. In the last three months, insiders sold 14,488 shares of company stock worth $712,159. Corporate insiders own 7.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GDOT. Tortoise Index Solutions LLC acquired a new position in shares of Green Dot in the first quarter valued at approximately $43,000. Manchester Capital Management LLC purchased a new stake in shares of Green Dot in the first quarter valued at approximately $53,000. FNY Investment Advisers LLC boosted its stake in shares of Green Dot by 708.8% in the first quarter. FNY Investment Advisers LLC now owns 1,100 shares of the financial services provider’s stock valued at $66,000 after buying an additional 964 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Green Dot by 81.8% in the second quarter. Advisory Services Network LLC now owns 2,000 shares of the financial services provider’s stock valued at $98,000 after buying an additional 900 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Green Dot in the first quarter valued at approximately $105,000. 87.03% of the stock is currently owned by institutional investors and hedge funds.
Green Dot Company Profile
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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