Cowen and Company reiterated their hold rating on shares of Green Dot Corporation (NYSE:GDOT) in a research report sent to investors on Friday morning. They currently have a $52.00 target price on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on GDOT. Zacks Investment Research cut shares of Green Dot Corporation from a buy rating to a hold rating in a research report on Monday, July 17th. Citigroup Inc. reissued 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. BidaskClub cut shares of Green Dot Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. William Blair raised shares of Green Dot Corporation from a market perform rating to an outperform rating in a research report on Wednesday, August 9th. Finally, Lake Street Capital raised shares of Green Dot Corporation from a hold rating to a buy rating and lifted their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. Six 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. The stock presently has an average rating of Buy and a consensus target price of $52.85.

Shares of Green Dot Corporation (GDOT) opened at $62.57 on Friday. The firm has a market cap of $3,219.03, a PE ratio of 37.31 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. Green Dot Corporation has a 52 week low of $23.00 and a 52 week high of $65.88.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. During the same period last year, the company posted $0.21 EPS. Green Dot Corporation’s revenue was up 30.5% on a year-over-year basis. sell-side analysts forecast that Green Dot Corporation will post 1.71 earnings per share for the current fiscal year.

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In related news, insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $46.74, for a total transaction of $373,686.30. Following the completion of the sale, the insider now directly owns 217,010 shares in the company, valued at $10,143,047.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glinda Bridgforth-Hodges sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $46.92, for a total transaction of $351,900.00. Following the sale, the director now owns 5,003 shares of the company’s stock, valued at $234,740.76. The disclosure for this sale can be found here. Insiders have sold 164,040 shares of company stock valued at $8,297,066 over the last 90 days. 11.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. bought a new position in shares of Green Dot Corporation in the second quarter worth approximately $108,000. IFP Advisors Inc boosted its position in shares of Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 2,824 shares during the period. Turner Investments LLC bought a new position in shares of Green Dot Corporation in the second quarter worth approximately $154,000. Riverhead Capital Management LLC boosted its position in shares of Green Dot Corporation by 55.0% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Green Dot Corporation by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 472 shares during the last quarter. Institutional investors and hedge funds own 76.91% 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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