Green Dot (GDOT) Rating Reiterated by William Blair
Green Dot (NYSE:GDOT)‘s stock had its “outperform” rating reissued by analysts at William Blair in a report released on Monday.
Other analysts also recently issued research reports about the company. Guggenheim reiterated a “buy” rating on shares of Green Dot in a research report on Wednesday, January 10th. Cowen reiterated a “hold” rating and issued a $55.00 price objective on shares of Green Dot in a research report on Friday, January 12th. Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research report on Monday, November 20th. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Deutsche Bank boosted their price objective on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Green Dot presently has an average rating of “Buy” and a consensus price target of $55.54.
Shares of Green Dot (NYSE GDOT) opened at $56.19 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. Green Dot has a 12-month low of $26.21 and a 12-month high of $65.88. The firm has a market capitalization of $2,855.58, a P/E ratio of 40.72 and a beta of 0.87.
Hedge funds have recently modified their holdings of the stock. American International Group Inc. grew its stake in Green Dot by 6.4% in the third quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock worth $1,793,000 after purchasing an additional 2,180 shares during the period. Rothschild Asset Management Inc. purchased a new stake in Green Dot in the third quarter worth $29,051,000. Nationwide Fund Advisors grew its stake in Green Dot by 184.0% in the third quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock worth $6,439,000 after purchasing an additional 84,133 shares during the period. State Street Corp grew its stake in Green Dot by 5.7% in the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after purchasing an additional 57,343 shares during the period. Finally, Boston Advisors LLC purchased a new stake in Green Dot in the third quarter worth $5,157,000. 78.53% of the stock is currently owned by institutional investors.
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About Green Dot
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.
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