Today, Green Dot Corp. (GDOT) Given Average Recommendation of “Hold” by Analysts

Today, Green Dot Corp. (GDOT) Given Average Recommendation of “Hold” by Analysts
Green Dot Corp. (NYSE:GDOT) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.88.

Several brokerages have recently weighed in on GDOT. Keefe, Bruyette & Woods upped their price target on Green Dot Corp. from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, August 8th. Jefferies Group reiterated a “buy” rating and set a $28.00 price target on shares of Green Dot Corp. in a research report on Friday, August 5th. TheStreet cut Green Dot Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $23.00 price target on shares of Green Dot Corp. in a research report on Friday, August 5th. Finally, Deutsche Bank AG upped their price target on Green Dot Corp. from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Friday, August 5th.

Shares of Green Dot Corp. (NYSE:GDOT) traded up 0.79% on Friday, reaching $24.39. 44,239 shares of the company were exchanged. The firm has a market capitalization of $1.22 billion, a PE ratio of 34.35 and a beta of 1.05. Green Dot Corp. has a 12-month low of $15.28 and a 12-month high of $24.44. The stock’s 50-day moving average is $22.80 and its 200 day moving average is $22.99.

Green Dot Corp. (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Green Dot Corp. had a return on equity of 7.76% and a net margin of 5.22%. The firm had revenue of $154.60 million for the quarter, compared to analysts’ expectations of $151.72 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Green Dot Corp. will post $1.43 EPS for the current year.

In other news, CFO Mark L. Shifke sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $22.97, for a total transaction of $114,850.00. Following the completion of the sale, the chief financial officer now owns 820,770 shares of the company’s stock, valued at $18,853,086.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Konstantinos Sgoutas sold 30,288 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $22.95, for a total value of $695,109.60. The disclosure for this sale can be found here. 11.00% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Green Dot Corp. by 151.7% in the second quarter. Bank of New York Mellon Corp now owns 2,135,036 shares of the financial services provider’s stock worth $49,084,000 after buying an additional 1,286,734 shares during the period. Fiera Capital Corp bought a new stake in Green Dot Corp. during the second quarter worth $13,769,000. Emerald Acquisition Ltd. bought a new stake in Green Dot Corp. during the second quarter worth $12,263,000. Price T Rowe Associates Inc. MD raised its stake in Green Dot Corp. by 10.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,716,182 shares of the financial services provider’s stock worth $62,635,000 after buying an additional 266,122 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Green Dot Corp. by 1,151.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 247,985 shares of the financial services provider’s stock worth $5,719,000 after buying an additional 228,169 shares during the period. 77.68% of the stock is owned by hedge funds and other institutional investors.

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