Citigroup set a $105.00 price objective on Green Dot (NYSE:GDOT) in a report issued on Friday. The firm currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Craig Hallum set a $115.00 target price on shares of Green Dot and gave the stock a buy rating in a research report on Thursday. Deutsche Bank set a $79.00 target price on shares of Green Dot and gave the stock a hold rating in a research report on Thursday. ValuEngine downgraded shares of Green Dot from a strong-buy rating to a buy rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Green Dot from a buy rating to a hold rating in a research report on Tuesday, August 14th. Finally, Guggenheim reiterated a buy rating and issued a $88.00 target price on shares of Green Dot in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $89.82.

Shares of NYSE:GDOT traded down $6.91 during mid-day trading on Friday, hitting $85.93. The stock had a trading volume of 779,515 shares, compared to its average volume of 440,837. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $4.52 billion, a PE ratio of 37.56 and a beta of 1.06. Green Dot has a 12-month low of $54.08 and a 12-month high of $93.00.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.13. Green Dot had a net margin of 11.47% and a return on equity of 15.10%. The business had revenue of $230.58 million during the quarter, compared to the consensus estimate of $223.95 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that Green Dot will post 2.4 earnings per share for the current year.

In other news, COO Kuan Archer sold 9,589 shares of the stock in a transaction on Monday, August 13th. The shares were sold at an average price of $83.47, for a total transaction of $800,393.83. Following the transaction, the chief operating officer now owns 233,024 shares in the company, valued at approximately $19,450,513.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark L. Shifke sold 10,000 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $83.16, for a total transaction of $831,600.00. Following the transaction, the chief financial officer now owns 661,574 shares in the company, valued at approximately $55,016,493.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 426,362 shares of company stock worth $35,029,225. 11.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG grew its stake in Green Dot by 59.0% in the 1st quarter. UBS Group AG now owns 46,719 shares of the financial services provider’s stock valued at $2,998,000 after buying an additional 17,333 shares during the last quarter. Principal Financial Group Inc. grew its stake in Green Dot by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 393,267 shares of the financial services provider’s stock valued at $25,232,000 after buying an additional 13,240 shares during the last quarter. Brown Advisory Inc. grew its stake in Green Dot by 33.0% in the 1st quarter. Brown Advisory Inc. now owns 10,476 shares of the financial services provider’s stock valued at $672,000 after buying an additional 2,602 shares during the last quarter. Xact Kapitalforvaltning AB grew its stake in Green Dot by 18.5% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the financial services provider’s stock valued at $516,000 after buying an additional 1,100 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Green Dot in the 2nd quarter valued at $165,000. Institutional investors own 84.62% of the company’s stock.

About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Analyst Recommendations for Green Dot (NYSE:GDOT)

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