Craig Hallum reaffirmed their buy rating on shares of Green Dot (NYSE:GDOT) in a research report sent to investors on Thursday. Craig Hallum currently has a $75.00 target price on the financial services provider’s stock, up from their prior target price of $70.00.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Green Dot from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Monday, November 13th. William Blair reiterated an outperform rating on shares of Green Dot in a research report on Monday, February 12th. Citigroup lowered Green Dot from a buy rating to a neutral rating and set a $66.00 price objective for the company. in a research report on Monday, November 13th. BTIG Research upgraded Green Dot from a neutral rating to a buy rating and set a $65.00 price objective for the company in a research report on Wednesday, November 8th. Finally, Deutsche Bank lifted their price target on Green Dot from $42.00 to $54.00 and gave the company a hold rating in a report on Wednesday, November 8th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $62.08.
Shares of Green Dot (NYSE:GDOT) opened at $66.20 on Thursday. Green Dot has a 52-week low of $28.59 and a 52-week high of $69.37. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $3,364.28, a price-to-earnings ratio of 38.49 and a beta of 0.87.
In other news, CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $62.44, for a total transaction of $166,402.60. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $11,028,215.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $55.96, for a total value of $363,740.00. Following the sale, the chief financial officer now directly owns 713,333 shares in the company, valued at approximately $39,918,114.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 310,191 shares of company stock worth $18,818,357. Company insiders own 11.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its stake in 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 purchasing an additional 472 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Green Dot by 70.4% during the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,082 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Green Dot during the fourth quarter worth $185,000. Shelton Capital Management bought a new stake in shares of Green Dot during the third quarter worth $210,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Green Dot during the second quarter worth $212,000. 84.60% of the stock is currently owned by institutional investors and hedge funds.
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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.
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