A number of other equities analysts have also commented on GDOT. Zacks Investment Research raised Green Dot from a hold rating to a buy rating and set a $87.00 price target for the company in a report on Thursday, January 24th. SunTrust Banks cut their price target on Green Dot to $70.00 and set a buy rating for the company in a report on Thursday. Craig Hallum cut their price target on Green Dot from $115.00 to $100.00 and set a buy rating for the company in a report on Thursday. Loop Capital reaffirmed a buy rating and issued a $75.00 price target on shares of Green Dot in a report on Thursday. Finally, BTIG Research lowered Green Dot from a buy rating to a neutral rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $82.71.
Shares of NYSE GDOT opened at $47.14 on Thursday. Green Dot has a 1-year low of $41.67 and a 1-year high of $93.00. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 18.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.04 and a quick ratio of 1.03.
In other Green Dot news, CEO Steven W. Streit sold 7,701 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $57.89, for a total transaction of $445,810.89. Following the sale, the chief executive officer now owns 69,313 shares in the company, valued at $4,012,529.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Konrad Alt sold 919 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $64.15, for a total value of $58,953.85. Following the sale, the insider now owns 77,643 shares in the company, valued at approximately $4,980,798.45. The disclosure for this sale can be found here. Insiders sold 107,427 shares of company stock worth $6,612,055 in the last quarter. 7.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board purchased a new stake in Green Dot during the first quarter valued at about $8,527,000. Elk Creek Partners LLC raised its position in Green Dot by 18.5% during the first quarter. Elk Creek Partners LLC now owns 227,364 shares of the financial services provider’s stock valued at $13,790,000 after purchasing an additional 35,497 shares in the last quarter. Federated Investors Inc. PA raised its position in Green Dot by 3.5% during the first quarter. Federated Investors Inc. PA now owns 333,014 shares of the financial services provider’s stock valued at $20,197,000 after purchasing an additional 11,386 shares in the last quarter. Swiss National Bank raised its position in Green Dot by 3.2% during the first quarter. Swiss National Bank now owns 86,400 shares of the financial services provider’s stock valued at $5,240,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC purchased a new stake in Green Dot during the first quarter valued at about $514,000. Institutional investors and hedge funds own 87.97% of the company’s stock.
About Green Dot
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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