Green Dot Price Target Increased to $14.00 by Analysts at Jefferies & Co. (GDOT)
Equities researchers at Jefferies & Co. lifted their target price on shares of Green Dot (NASDAQ: GDOT) from $12.00 to $14.00 in a report issued on Wednesday. The firm currently has a “hold” rating on the stock.
Green Dot traded up 0.74% on Wednesday, hitting $14.89. Green Dot has a 1-year low of $9.05 and a 1-year high of $28.54. The stock’s 50-day moving average is currently $14.24. The company has a market cap of $536.0 million and a price-to-earnings ratio of 13.79.
Green Dot last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $138.60 million for the quarter, compared to the consensus estimate of $142.62 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Green Dot has set its FY13 guidance at $0.95-1.20 EPS. On average, analysts predict that Green Dot will post $1.13 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Green Dot in a research note to investors on Wednesday. They now have a $14.00 price target on the stock, up previously from $12.00. Separately, analysts at SunTrust reiterated a “reduce” rating on shares of Green Dot in a research note to investors on Wednesday, February 20th. They now have a $12.00 price target on the stock, up previously from $10.00. Finally, analysts at BTIG Research initiated coverage on shares of Green Dot in a research note to investors on Monday, February 4th. They set a “buy” rating and a $19.00 price target on the stock.
Green Dot Corporation (Green Dot) is a bank holding company. Green Dot is a financial services company providing money management solutions to a base of United States consumers.
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