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

Green Dot (NYSE:GDOT) received a $105.00 price objective from Citigroup in a research report issued on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 22.19% from the stock’s current price.

GDOT has been the topic of several other reports. ValuEngine downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. SunTrust Banks upped their price objective on shares of Green Dot to $100.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Craig Hallum set a $115.00 price objective on shares of Green Dot and gave the company a “buy” rating in a report on Thursday. Deutsche Bank set a $79.00 price objective on shares of Green Dot and gave the company a “hold” rating in a report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Green Dot from $67.00 to $73.00 and gave the company a “$81.43” rating in a report on Thursday, July 19th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.82.

NYSE:GDOT opened at $85.93 on Friday. Green Dot has a one year low of $54.08 and a one year high of $93.00. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 40.54 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.05 and a current ratio of 1.04.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.13. Green Dot had a net margin of 11.47% and a return on equity of 14.80%. The firm had revenue of $230.58 million for the quarter, compared to the consensus estimate of $223.95 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Green Dot will post 2.4 earnings per share for the current fiscal year.

In other news, CFO Mark L. Shifke sold 10,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $83.16, for a total value of $831,600.00. Following the completion of the sale, the chief financial officer now owns 661,574 shares of the company’s stock, valued at $55,016,493.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven W. Streit sold 9,860 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $89.82, for a total transaction of $885,625.20. Following the completion of the sale, the chief executive officer now directly owns 323,202 shares of the company’s stock, valued at approximately $29,030,003.64. The disclosure for this sale can be found here. In the last three months, insiders sold 426,362 shares of company stock valued at $35,029,225. 11.00% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its position 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 worth $10,755,000 after purchasing an additional 698 shares during the period. Crossmark Global Holdings Inc. lifted its position 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 worth $705,000 after purchasing an additional 700 shares during the period. Metropolitan Life Insurance Co. NY lifted its position 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 worth $1,130,000 after purchasing an additional 775 shares during the period. Vident Investment Advisory LLC lifted its position 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 worth $4,082,000 after purchasing an additional 834 shares during the period. Finally, Comerica Bank lifted its position in Green Dot by 1.4% during the second quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock worth $5,035,000 after purchasing an additional 893 shares during the period. 84.62% of the stock is owned by institutional investors.

Green Dot Company Profile

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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