Green Dot Co. (NYSE: GDOT) is a financial technology operating as a bank holding company. It works in two main segments, namely services in Accounting and Settlement & Processing. Its services include payroll debit cards, network gift cards, secured credit cards, deposit account programs, etc.
On Friday, GDOT opened with $59.61. Reports confirm that twelve firms recommended a “buy” rating for NYSE: GDOT. Six of the twelve analysts gave the stocks of Green Dot Co. a rating to be “held.” While the other six reported a rating of “buy” on its stocks.
Analysts Weigh In On GDOT Stock
BTIG hiked the price target from $63.00 to $72.00 on the 25th of October, issuing a rating to be “buy.” Deutsche Bank also hiked its target price from the previous $48.00 sailing to $50.00. They rated GDOT’s stock to be held.
On 8th October, Needham & Company LLC raised the value by $8.00 to $70.00. Jefferies Financial Group also increased the price value by $5.00, summing up to $50.00. Craig Hallum gave the firm a “buy” value, pricing it at $70.00, raising $8.00 from the previous amount.
At an average price, at $61.51, Director William I. Jacobs disposed of 500 of his shares to the company, now owning 66,401 shares. 2578 shares were sold by another Director, Rajeev V. Date. He owns 17,276 shares at GDOT. While insiders of the company own 4.80% of shares, more than 87.16% are now owned by other investors, including hedge funds.
For the quarter, the firm earned a revenue of $291.10 million. The researcher’s predictions proved wrong, with their estimate being $244.66 million. The EPS was $0.25 against an estimation done earlier of $0.11 or $0.14. The firm’s EPS in the past year for the same quarter was $0.20.
