Green Dot (NYSE:GDOT) Given New $40.00 Price Target at Craig Hallum

Green Dot (NYSE:GDOT) had its price target decreased by Craig Hallum from $50.00 to $40.00 in a report published on Friday, The Fly reports. Craig Hallum currently has a buy rating on the financial services provider’s stock.

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Several other equities analysts have also commented on GDOT. Zacks Investment Research raised Green Dot from a sell rating to a hold rating and set a $29.00 price objective for the company in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods lowered Green Dot from an outperform rating to a market perform rating and lowered their price objective for the company from $60.00 to $35.00 in a research report on Thursday, August 8th. Canaccord Genuity initiated coverage on Green Dot in a research report on Thursday, September 12th. They set a hold rating and a $29.00 price objective for the company. Deutsche Bank raised their price objective on Green Dot from $29.00 to $34.00 and gave the company a hold rating in a research report on Wednesday, October 30th. Finally, Guggenheim raised Green Dot from a neutral rating to a buy rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $42.83.

GDOT stock traded down $5.41 on Friday, reaching $24.54. The company’s stock had a trading volume of 3,352,879 shares, compared to its average volume of 791,148. The business has a fifty day simple moving average of $25.66 and a two-hundred day simple moving average of $40.05. Green Dot has a 12-month low of $22.45 and a 12-month high of $92.87. The firm has a market cap of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.32. The company had revenue of $240.40 million during the quarter, compared to analyst estimates of $232.94 million. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, research analysts anticipate that Green Dot will post 2.18 earnings per share for the current fiscal year.

In other news, CRO Brett Narlinger sold 5,602 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.32, for a total transaction of $158,648.64. Following the completion of the transaction, the executive now directly owns 71,624 shares in the company, valued at $2,028,391.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Cutler Group LP bought a new position in shares of Green Dot during the second quarter valued at $29,000. FNY Investment Advisers LLC bought a new position in shares of Green Dot during the third quarter valued at $25,000. Neo Ivy Capital Management bought a new position in shares of Green Dot during the second quarter valued at $63,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Green Dot by 38.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 371 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Green Dot during the second quarter valued at $68,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Green Dot Company Profile

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and 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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