Canaccord Genuity began coverage on shares of Green Dot (NYSE:GDOT) in a report published on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $29.00 target price on the financial services provider’s stock.
A number of other equities research analysts also recently commented on the company. Deutsche Bank reduced their target price on Green Dot from $44.00 to $29.00 and set a hold rating on the stock in a research report on Thursday, August 8th. SunTrust Banks restated a buy rating and issued a $50.00 target price on shares of Green Dot in a research report on Thursday, August 8th. Zacks Investment Research upgraded Green Dot from a sell rating to a hold rating and set a $29.00 target price on the stock in a research report on Tuesday, August 13th. Needham & Company LLC reduced their target price on Green Dot to $42.00 and set a buy rating on the stock in a research report on Thursday, August 8th. Finally, Barclays set a $41.00 target price on Green Dot and gave the company a buy rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $49.69.
Shares of Green Dot stock opened at $27.01 on Thursday. Green Dot has a one year low of $24.19 and a one year high of $93.00. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 10.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $34.90 and its 200 day moving average price is $49.84.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.33. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The firm had revenue of $278.33 million for the quarter, compared to the consensus estimate of $266.93 million. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Green Dot will post 2.1 EPS for the current fiscal year.
In other Green Dot news, CRO Brett Narlinger sold 5,602 shares of Green Dot stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.32, for a total value of $158,648.64. Following the sale, the executive now owns 71,624 shares in the company, valued at $2,028,391.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Cutler Group LP purchased a new stake in shares of Green Dot in the 2nd quarter valued at $29,000. Tortoise Index Solutions LLC purchased a new stake in shares of Green Dot in the 1st quarter valued at $43,000. Manchester Capital Management LLC purchased a new stake in shares of Green Dot in the 1st quarter valued at $53,000. Neo Ivy Capital Management purchased a new stake in shares of Green Dot in the 2nd quarter valued at $63,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Green Dot by 38.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock valued at $65,000 after buying an additional 371 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.
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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