SunTrust Banks, Inc. reaffirmed their buy rating on shares of Green Dot Corporation (NYSE:GDOT) in a report issued on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the stock. Lake Street Capital upgraded shares of Green Dot Corporation from a hold rating to a buy rating and increased their price objective for the company from $41.00 to $44.00 in a report on Wednesday, August 9th. BidaskClub raised shares of Green Dot Corporation from a hold rating to a buy rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Green Dot Corporation from a hold rating to a buy rating and set a $44.00 price target for the company in a research note on Wednesday, July 12th. Citigroup Inc. reissued a buy rating and issued a $46.00 price target (up previously from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. Finally, ValuEngine raised shares of Green Dot Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $42.22.

Green Dot Corporation (GDOT) opened at 48.42 on Wednesday. The firm’s 50 day moving average price is $45.96 and its 200 day moving average price is $38.55. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $49.00. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 41.17 and a beta of 1.01.

Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities research analysts predict that Green Dot Corporation will post $2.05 EPS for the current fiscal year.

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In related news, General Counsel John C. Ricci sold 20,707 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $47.21, for a total transaction of $977,577.47. Following the completion of the transaction, the general counsel now owns 91,163 shares of the company’s stock, valued at approximately $4,303,805.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.74, for a total transaction of $373,686.30. Following the transaction, the insider now directly owns 217,010 shares of the company’s stock, valued at approximately $10,143,047.40. The disclosure for this sale can be found here. Insiders have sold a total of 140,161 shares of company stock valued at $6,307,042 in the last ninety days. 11.00% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Suntrust Banks Inc. boosted its position in shares of Green Dot Corporation by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 175 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Green Dot Corporation by 2.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC boosted its position in shares of Green Dot Corporation by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 470 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Green Dot Corporation by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Green Dot Corporation by 2.2% during the 1st 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 hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for Green Dot Corporation (NYSE:GDOT)

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