Shares of Green Dot Corporation (NYSE:GDOT) have earned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $41.33.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised 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 report on Wednesday, July 12th. BidaskClub lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Finally, Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and raised their target price for the company from $41.00 to $44.00 in a report on Wednesday, August 9th.

Shares of Green Dot Corporation (GDOT) opened at 48.22 on Friday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 41.00 and a beta of 1.00. The stock has a 50 day moving average of $43.46 and a 200-day moving average of $36.87. Green Dot Corporation has a one year low of $21.45 and a one year high of $48.30.

Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. During the same period last year, the firm posted $0.27 earnings per share. Green Dot Corporation’s revenue for the quarter was up 28.2% compared to the same quarter last year. On average, equities analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current year.

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In other news, Director Kenneth C. Aldrich sold 10,000 shares of Green Dot Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $48.28, for a total transaction of $482,800.00. Following the completion of the sale, the director now directly owns 20,563 shares in the company, valued at $992,781.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Glinda Bridgforth-Hodges sold 7,500 shares of Green Dot Corporation stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total value of $351,900.00. Following the sale, the director now owns 5,003 shares of the company’s stock, valued at $234,740.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,176 shares of company stock valued at $5,356,131. 11.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in Green Dot Corporation by 34.1% in the first quarter. UBS Asset Management Americas Inc. now owns 19,975 shares of the financial services provider’s stock valued at $666,000 after buying an additional 5,076 shares during the period. Swiss National Bank increased its stake in Green Dot Corporation by 4.5% in the first quarter. Swiss National Bank now owns 74,400 shares of the financial services provider’s stock valued at $2,482,000 after buying an additional 3,200 shares during the period. Comerica Bank increased its stake in Green Dot Corporation by 5.1% in the first quarter. Comerica Bank now owns 49,347 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 2,399 shares during the period. Suntrust Banks Inc. acquired a new stake in Green Dot Corporation during the first quarter valued at $238,000. Finally, American Century Companies Inc. acquired a new stake in Green Dot Corporation during the first quarter valued at $5,378,000. Institutional investors and hedge funds own 77.56% of the company’s stock.

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)

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