Green Dot (NYSE:GDOT) Price Target Raised to $42.00

Green Dot (NYSE:GDOT) had its target price boosted by Barclays from $39.00 to $42.00 in a research report report published on Monday morning, AnalystRatings.com reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the company. Guggenheim downgraded Green Dot from a buy rating to a neutral rating in a research report on Monday, November 11th. Deutsche Bank upped their price objective on Green Dot from $30.00 to $35.00 and gave the company a hold rating in a research report on Tuesday, February 4th. SunTrust Banks upped their price objective on Green Dot from $40.00 to $48.00 and gave the company a buy rating in a research report on Thursday, February 20th. Canaccord Genuity upped their price objective on Green Dot from $29.00 to $35.00 and gave the company a hold rating in a research report on Thursday, February 20th. Finally, Citigroup raised Green Dot from a sell rating to a neutral rating and upped their price objective for the company from $22.00 to $34.00 in a research report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Green Dot presently has an average rating of Hold and a consensus price target of $40.25.

NYSE GDOT opened at $34.11 on Monday. The company has a market cap of $1.87 billion, a P/E ratio of 18.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 0.97. The business’s 50 day moving average price is $30.65 and its 200-day moving average price is $27.23. Green Dot has a fifty-two week low of $21.97 and a fifty-two week high of $66.81.

Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, February 19th. The financial services provider reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.17. The firm had revenue of $238.40 million for the quarter, compared to the consensus estimate of $242.97 million. Green Dot had a return on equity of 13.49% and a net margin of 9.01%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities analysts predict that Green Dot will post 1.11 EPS for the current year.

A number of institutional investors have recently made changes to their positions in GDOT. Geode Capital Management LLC grew its position in shares of Green Dot by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 643,942 shares of the financial services provider’s stock worth $15,003,000 after buying an additional 7,743 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Green Dot by 71.2% during the 4th quarter. Point72 Asset Management L.P. now owns 837,490 shares of the financial services provider’s stock worth $19,514,000 after buying an additional 348,413 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Green Dot by 8.3% during the 4th quarter. Advisors Asset Management Inc. now owns 7,670 shares of the financial services provider’s stock worth $179,000 after buying an additional 589 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Green Dot by 89.9% during the 4th quarter. AQR Capital Management LLC now owns 63,996 shares of the financial services provider’s stock worth $1,471,000 after buying an additional 30,290 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Green Dot by 193.9% during the 4th quarter. Jane Street Group LLC now owns 53,458 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 35,266 shares in the last quarter. 86.48% of the stock is currently owned by institutional investors.

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.

Further Reading: Sell-Side Analysts

Analyst Recommendations for Green Dot (NYSE:GDOT)

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