BidaskClub downgraded shares of Green Dot Corporation (NYSE:GDOT) from a strong-buy rating to a buy rating in a research note published on Tuesday.

A number of other equities analysts have also issued reports on GDOT. Citigroup Inc. reiterated a buy rating and issued a $46.00 target price (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Green Dot Corporation from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $37.00 target price on shares of Green Dot Corporation and gave the company a hold rating in a research report on Thursday, July 6th. Lake Street Capital started coverage on shares of Green Dot Corporation in a research report on Monday, June 26th. They set a hold rating and a $41.00 price objective for the company. Finally, Jefferies Group LLC restated a buy rating and set a $42.00 price objective on shares of Green Dot Corporation in a research report on Monday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $35.45.

Shares of Green Dot Corporation (NYSE:GDOT) traded down 0.37% during trading on Tuesday, reaching $40.30. 240,416 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $39.48 and its 200 day moving average price is $33.55. The firm has a market capitalization of $2.00 billion, a PE ratio of 41.42 and a beta of 1.03. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $40.84.

Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.14. The firm had revenue of $253 million during the quarter, compared to analyst estimates of $233.49 million. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. Green Dot Corporation’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Analysts predict that Green Dot Corporation will post $1.95 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/bidaskclub-downgrades-green-dot-corporation-gdot-to-buy/1461759.html.

In other Green Dot Corporation news, Director Kenneth C. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the sale, the director now directly owns 20,142 shares of the company’s stock, valued at $805,881.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel John C. Ricci sold 72,248 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $36.21, for a total transaction of $2,616,100.08. Following the sale, the general counsel now directly owns 158,594 shares of the company’s stock, valued at $5,742,688.74. The disclosure for this sale can be found here. Insiders have sold 215,839 shares of company stock valued at $7,881,406 over the last ninety days. Insiders own 11.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after buying an additional 300 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Green Dot Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $607,000 after buying an additional 400 shares in the last quarter. SG Americas Securities LLC raised its stake in Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock worth $451,000 after buying an additional 470 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock worth $774,000 after buying an additional 500 shares in the last quarter. 80.14% of the stock is owned by institutional investors.

Green Dot Corporation 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.

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

Receive News & Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.