Several other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Green Dot Corporation during the first quarter worth approximately $118,000. Renaissance Limited Com has invested 0.02% in Green Dot Corporation (NYSE:GDOT). BlackRock Inc. now owns 5,309,357 shares of the financial services provider's stock worth $177,121,000 after buying an additional 5,299,431 shares in the last quarter. The legal version of this story can be accessed at https://sportsperspectives.com/2017/08/07/spark-investment-management-llc-purchases-new-stake-in-green-dot-corporation-gdot.html. Finally, Suntrust Banks Inc. acquired a new position in shares of Green Dot Corporation during the first quarter worth approximately $238,000. Asset Mgmt Grp Inc Inc invested in 469 shares or 0.14% of the stock.
Green Dot Corporation (NYSE:GDOT) traded up 14.97% during mid-day trading on Wednesday, hitting $46.39.
The firm's 50-day moving average price is $39.52 and its 200 day moving average price is $34.02. The company has a market capitalization of $1.99 billion, a P/E ratio of 41.03 and a beta of 1.06.
Over the past week, Green Dot Corporation (NYSE:GDOT) shares have seen a price percentage change of -1.93.
In terms of earnings per share, 15 analysts have a 0.29 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 15 analysts have a 0.26 EPS mean target and for the quarter ending Dec-17 there are 14 estimates of 1.95 EPS.
Green Dot Corp. on August 8 reported strong numbers for the quarter ended June 30, 2017, including total GAAP revenues of $222.5 million, up from $173.5 million for the second quarter of 2016, representing a year-over-year increase of 28 percent. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The firm's quarterly revenue was up 28.2% on a year-over-year basis.
They expect $0.31 EPS, up 38.71% or $0.12 from last year's $0.19 per share.
TRADEMARK VIOLATION NOTICE: This piece was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and worldwide copyright legislation. Ascend Capital Llc sold 185,142 shares as Green Dot Corp (GDOT)'s stock rose 33.10%.
Green Dot Corporation (NYSE:GDOT)'s shares may have a significant upside to the consensus target of 40.38, but how has it been performing relative to the market?
Green Dot Corporation (NYSE:GDOT) now has a value score of B. This score ranks stocks based on various valuation metrics. On March 18 the company was downgraded from "Buy" to "Neutral" and a price target of $43.00 was set in a report issued by BTIG Research.
On August 9 the stock rating was upgraded from " to "Outperform" by analysts at William Blair. Finally, Keefe, Bruyette & Woods set a $37.00 price objective on shares of Green Dot Corporation and gave the company a "hold" rating in a research note on Thursday, July 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Green Dot Corporation has a consensus rating of "Buy" and an average price target of $40.25. Over the last three months, insiders have sold 225,996 shares of company stock valued at $8,357,963. The stock was sold at an average price of $40.22, for a total transaction of $496,958.32. Following the completion of the transaction, the chief operating officer now directly owns 117,024 shares of the company's stock, valued at $4,706,705.28. Also, General Counsel John C. Ricci sold 50,000 shares of the firm's stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $35.97, for a total value of $132,585.42. American Century Companies Inc now owns 139,174 shares with a value of $5,362,000. Aldrich, Director disclosed the sale of 10,000 shares. The Antipodean Advisors Llc holds 16,450 shares with $12.34M value, down from 21,350 last quarter. Nelson Van Denburg & Campbell Wealth Grp Inc Limited Company has 0% invested in Green Dot Corporation (NYSE:GDOT).