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.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. During the same period in the prior year, the business earned $0.21 earnings per share. Green Dot’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts anticipate that Green Dot will post 1.71 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Green Dot (NYSE:GDOT)

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