Green Dot Corporation (NYSE:GDOT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts also recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 target price (up from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Keefe, Bruyette & Woods set a $37.00 target price on shares of Green Dot Corporation and gave the stock a “hold” rating in a research note on Thursday, July 6th. Lake Street Capital began coverage on shares of Green Dot Corporation in a research note on Monday, June 26th. They set a “hold” rating and a $41.00 target price on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Green Dot Corporation in a research note on Monday, May 22nd. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Green Dot Corporation presently has a consensus rating of “Hold” and an average target price of $35.45.

Shares of Green Dot Corporation (NYSE GDOT) traded up 0.38% during trading on Friday, reaching $39.67. 304,480 shares of the company traded hands. The firm has a 50 day moving average of $39.51 and a 200 day moving average of $33.90. The stock has a market capitalization of $1.97 billion, a PE ratio of 40.77 and a beta of 1.06. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $40.84.

Green Dot Corporation (NYSE:GDOT) last issued its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The company had revenue of $253 million for the quarter, compared to the consensus estimate of $233.49 million. During the same period in the previous year, the firm earned $0.78 earnings per share. Green Dot Corporation’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Green Dot Corporation will post $1.95 EPS for the current year.

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In related news, COO Kuan Archer sold 12,356 shares of Green Dot Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $40.22, for a total value of $496,958.32. Following the completion of the transaction, the chief operating officer now owns 117,024 shares in the company, valued at $4,706,705.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corporation stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $36.09, for a total transaction of $180,450.00. Following the completion of the transaction, the chief financial officer now owns 780,062 shares of the company’s stock, valued at approximately $28,152,437.58. The disclosure for this sale can be found here. Insiders sold a total of 225,996 shares of company stock worth $8,357,963 over the last three months. Insiders own 11.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its position in shares of Green Dot Corporation by 6.3% in the second quarter. Federated Investors Inc. PA now owns 53,536 shares of the financial services provider’s stock worth $2,063,000 after buying an additional 3,153 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Green Dot Corporation by 21.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 34,706 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 6,055 shares during the period. Turner Investments LLC acquired a new position in shares of Green Dot Corporation during the second quarter worth $154,000. BNP Paribas Arbitrage SA boosted its position in shares of Green Dot Corporation by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock worth $617,000 after buying an additional 977 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Green Dot Corporation by 8.2% in the second quarter. Legal & General Group Plc now owns 84,898 shares of the financial services provider’s stock worth $3,270,000 after buying an additional 6,450 shares during the period. Hedge funds and other institutional investors own 81.00% 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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