Green Dot (GDOT) Given a $105.00 Price Target at Citigroup

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

GDOT has been the subject of several other research reports. ValuEngine cut shares of Green Dot from a strong-buy rating to a buy rating in a research report on Thursday, November 1st. SunTrust Banks upped their target price on shares of Green Dot to $100.00 and gave the stock a buy rating in a research report on Thursday, August 9th. 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. Finally, Morgan Stanley upped their target price on shares of Green Dot from $67.00 to $73.00 and gave the stock a $81.43 rating in a research report on Thursday, July 19th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $89.82.

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

Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping the 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 firm had revenue of $230.58 million during the quarter, compared to analysts’ expectations of $223.95 million. During the same quarter in the prior year, the firm earned $0.34 EPS. Green Dot’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts expect that Green Dot will post 2.4 earnings per share for the current fiscal year.

In other news, insider Steven W. Streit sold 29,580 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $87.21, for a total value of $2,579,671.80. Following the completion of the transaction, the insider now directly owns 283,762 shares in the company, valued at $24,746,884.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jess Unruh sold 11,043 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $85.11, for a total transaction of $939,869.73. Following the completion of the transaction, the chief accounting officer now owns 87,312 shares of the company’s stock, valued at $7,431,124.32. The disclosure for this sale can be found here. Insiders sold 426,362 shares of company stock valued at $35,029,225 over the last quarter. Insiders own 11.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. lifted its stake in Green Dot by 0.5% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 146,543 shares of the financial services provider’s stock valued at $10,755,000 after purchasing an additional 698 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Green Dot by 7.9% during the second quarter. Crossmark Global Holdings Inc. now owns 9,600 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 700 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Green Dot by 5.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,394 shares of the financial services provider’s stock valued at $1,130,000 after purchasing an additional 775 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Green Dot by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 55,622 shares of the financial services provider’s stock valued at $4,082,000 after purchasing an additional 834 shares during the last quarter. Finally, Comerica Bank lifted its stake in Green Dot by 1.4% during the second quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock valued at $5,035,000 after purchasing an additional 893 shares during the last quarter. 84.62% of the stock is owned by institutional investors and hedge funds.

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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