Cowen restated their hold rating on shares of Green Dot (NYSE:GDOT) in a research report report published on Friday. The brokerage currently has a $55.00 target price on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the stock. Craig Hallum initiated coverage on shares of Green Dot in a research report on Thursday, October 5th. They issued a buy rating and a $70.00 price objective on the stock. Citigroup increased their price objective on shares of Green Dot from $48.00 to $54.00 and gave the company a buy rating in a research report on Monday, September 18th. Zacks Investment Research raised shares of Green Dot from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research report on Monday, November 13th. Jefferies Group reissued a buy rating and issued a $53.00 price objective on shares of Green Dot in a research report on Thursday, October 12th. Finally, BidaskClub downgraded shares of Green Dot from a strong-buy rating to a buy rating in a research report on Thursday, September 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $55.54.

Shares of Green Dot (NYSE GDOT) opened at $61.61 on Friday. Green Dot has a 52 week low of $24.99 and a 52 week high of $65.88. The firm has a market cap of $3,131.02, a P/E ratio of 44.65 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same period in the prior year, the firm posted $0.21 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. analysts predict that Green Dot will post 1.71 earnings per share for the current year.

In related news, insider Jess Unruh sold 13,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $60.00, for a total transaction of $780,000.00. Following the completion of the sale, the insider now owns 108,788 shares in the company, valued at approximately $6,527,280. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $53.82, for a total transaction of $430,290.90. Following the sale, the insider now owns 176,621 shares of the company’s stock, valued at approximately $9,505,742.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 287,541 shares of company stock valued at $17,415,786. Company insiders own 11.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Suntrust Banks Inc. boosted its stake in Green Dot 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. Ameritas Investment Partners Inc. boosted its stake in Green Dot 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. Virtu KCG Holdings LLC boosted its stake in Green Dot by 5.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 520 shares during the period. Thrivent Financial For Lutherans boosted its stake in Green Dot by 5.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 26,450 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 1,260 shares during the period. Finally, Smith Asset Management Group LP boosted its stake in Green Dot by 10.6% during the 3rd quarter. Smith Asset Management Group LP now owns 13,569 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 1,303 shares during the period. Hedge funds and other institutional investors own 78.66% of the company’s stock.

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Green Dot 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 (NYSE:GDOT)

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