Cowen Reaffirms Hold Rating for Green Dot (GDOT)
Green Dot (NYSE:GDOT)‘s stock had its “hold” rating reiterated by equities researchers at Cowen in a research report issued on Friday. They presently have a $55.00 target price on the financial services provider’s stock. Cowen’s price objective suggests a potential downside of 10.73% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Guggenheim reissued a “buy” rating on shares of Green Dot in a research report on Wednesday. Jefferies Group reissued a “buy” rating and issued a $53.00 price objective on shares of Green Dot in a research report on Thursday, October 12th. Citigroup increased their price objective on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, BidaskClub lowered Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Green Dot presently has a consensus rating of “Buy” and a consensus price target of $55.54.
Shares of Green Dot (NYSE GDOT) opened at $61.61 on Friday. Green Dot has a 12-month low of $24.99 and a 12-month high of $65.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $3,122.38, a P/E ratio of 44.65 and a beta of 0.96.
In other Green Dot news, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $53.82, for a total transaction of $430,290.90. Following the completion of the transaction, the insider now directly owns 176,621 shares in the company, valued at $9,505,742.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven W. Streit sold 6,830 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $62.00, for a total value of $423,460.00. Following the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at $10,950,502. The disclosure for this sale can be found here. Insiders sold 287,541 shares of company stock valued at $17,415,786 over the last 90 days. 11.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in GDOT. Riverhead Capital Management LLC raised its stake in Green Dot by 55.0% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Green Dot during the third quarter worth $210,000. Cubist Systematic Strategies LLC bought a new stake in shares of Green Dot during the second quarter worth $212,000. Finally, Brown Advisory Inc. bought a new stake in shares of Green Dot during the third quarter worth $229,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Cowen Reaffirms Hold Rating for Green Dot (GDOT)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/cowen-reaffirms-hold-rating-for-green-dot-gdot/1806421.html.
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.
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.