ValuEngine lowered shares of Green Dot Corporation (NYSE:GDOT) from a buy rating to a hold rating in a research note published on Monday morning.

Other equities research analysts have also recently issued reports about the company. Lake Street Capital upgraded Green Dot Corporation from a hold rating to a buy rating and upped their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. BidaskClub upgraded Green Dot Corporation from a hold rating to a buy rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Green Dot Corporation from a hold rating to a buy rating and set a $44.00 price target on the stock in a research report on Wednesday, July 12th. Citigroup Inc. reiterated a buy rating and set a $46.00 price target (up from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Finally, SunTrust Banks, Inc. reiterated a buy rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $43.50.

Shares of Green Dot Corporation (NYSE:GDOT) traded up 1.73% during midday trading on Monday, reaching $51.71. 110,056 shares of the company’s stock were exchanged. The company has a market cap of $2.61 billion, a P/E ratio of 43.97 and a beta of 1.00. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $51.79. The firm has a 50 day moving average price of $48.08 and a 200 day moving average price of $39.93.

Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue was up 28.2% on a year-over-year basis. Equities research analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.

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In other Green Dot Corporation news, Director Kenneth C. Aldrich sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $40.01, for a total value of $400,100.00. Following the completion of the sale, the director now owns 20,142 shares of the company’s stock, valued at $805,881.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth C. Aldrich sold 6,854 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $40.01, for a total value of $274,228.54. Following the completion of the sale, the director now directly owns 20,142 shares of the company’s stock, valued at approximately $805,881.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,156 shares of company stock valued at $7,194,517. 11.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Suntrust Banks Inc. boosted its stake in Green Dot Corporation by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted 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. SG Americas Securities LLC boosted 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. Ameritas Investment Partners Inc. boosted its stake in Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares in the last quarter. Finally, Arizona State Retirement System boosted 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. 77.43% of the stock is owned by institutional investors and hedge funds.

About Green Dot Corporation

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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Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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