William Blair reiterated their outperform rating on shares of Green Dot (NYSE:GDOT) in a research report sent to investors on Monday morning.

Several other equities research analysts have also commented on the stock. 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 note on Monday, November 13th. Citigroup lowered shares of Green Dot from a buy rating to a neutral rating and set a $66.00 price objective on the stock. in a research note on Monday, November 13th. Cowen reissued a hold rating and set a $55.00 price objective on shares of Green Dot in a research note on Friday, January 12th. BTIG Research raised shares of Green Dot from a neutral rating to a buy rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 8th. Finally, ValuEngine lowered shares of Green Dot from a buy rating to a hold rating in a research note on Friday, December 1st. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $55.54.

Shares of Green Dot (GDOT) opened at $55.91 on Monday. The firm has a market cap of $2,855.58, a PE ratio of 32.86 and a beta of 0.87. 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 has a 52 week low of $26.21 and a 52 week high of $65.88.

In other news, CEO Steven W. Streit sold 6,830 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $56.48, for a total value of $385,758.40. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at $9,975,554.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jess Unruh sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $60.00, for a total transaction of $780,000.00. Following the completion of the transaction, the insider now owns 108,788 shares in the company, valued at approximately $6,527,280. The disclosure for this sale can be found here. In the last quarter, insiders sold 314,824 shares of company stock worth $19,200,819. Insiders own 11.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Suntrust Banks Inc. lifted its stake in shares of Green Dot by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares in the last quarter. Virtu KCG Holdings LLC lifted its stake in shares of Green Dot by 5.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock worth $376,000 after buying an additional 520 shares in the last quarter. Bfsg LLC lifted its stake in shares of Green Dot by 17.2% in the fourth quarter. Bfsg LLC now owns 5,731 shares of the financial services provider’s stock worth $345,000 after buying an additional 840 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its stake in shares of Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,082 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

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About Green Dot

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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