According to Bloomberg, the eight research firms that follow Green Dot Co. (NYSE: GDOT) have, on average, suggested a “Moderate Buy” for the stock. This recommendation comes from the average rating given by those research firms. These findings came from the research companies that were contacted. There are a total of six distinct financial gurus that have advocated for the purchase or retention of the company’s stock. The hold is the rating given to the company by three analysts. The year before, brokerages projected that the price would be $36.17 in one year on average, and they were correct. The GDOT has obtained responses to its questions from various research organizations. In a report made public on Friday, August 5, Needham & Company LLC dropped their target price on Green Dot shares from $35.00 to $30.00 while maintaining their “buy” rating on the company’s stock. The research was made available to the public. Barclays lowered their rating for Green Dot from “overweight” to “equal weight” in a report published on August 15, lowering their price objective for the firm from $31.00 to $25.00.
In a research report released on Tuesday, August 9, Citigroup announced an increase in the price objective for Green Dot shares to $28.00. This was the last and most important item on the agenda. NYSE: GDOT started the trading day on Tuesday for $20.52 per share. Green Dot reached an all-time high of $54.90 during this period, while the stock reached an all-time low of $20.50. The company has a price-to-earnings ratio of 22.55, and its market value is estimated to be 1.10 billion dollars. Its beta value is 0.95. The company’s 50-day simple moving average is currently sitting at $24.93, and its 200-day simple moving average is now at $26.68. Green Dot (NYSE: GDOT) presented its most recent quarterly earnings report on Thursday, August 4, 2018. The company that offers financial services reported quarterly profits per share of $0.74, which is $0.22 higher than the forecast of analysts, which was $0.52. Green Dot had a 10.033 percent return on equity and a 3.52 percent net margin. According to the opinions of numerous analysts, revenue projections for the next quarter ranged anywhere from $362.08 million to $362.80 million.
Compared to the prior year’s results for the same quarter, the company posted earnings of $0.56 per share. The amount of money made during the period was 1.8% less than what it had been during the same period the year before. Sell-side analysts think Green Dot will earn $1.86 per share this year. Consequently, the proportions of the stock that institutional investors and hedge funds own have been rebalanced. ACG Wealth purchased a new holding in Green Dot during the second quarter. The value of this new position was estimated to be around $96,000. The purchase of new investment in Green Dot by Sageworth Trust Co. cost approximately $106,000 during the second quarter of the fiscal year. Point 72 During the second quarter, Hong Kong Ltd. bought a new investment in Green Dot, which resulted in an increase of approximately 114,000 dollars to its portfolio’s value. SG Americas Securities LLC purchased a new investment in Green Dot during the first three months of the year.
The holding was worth roughly $137,000 at the time of the purchase. And last, during the first three months of the fiscal year, C.M. Bidwell & Associates Ltd. purchased a new Green Dot interest with roughly $154,000. Institutional investors own the company’s stock for 92.02% of the total. Green Dot Corporation, both financial technology and a bank holding company, provides its customers in the United States, which include people and businesses, with a wide selection of different financial products from which to choose. The company operates in three primary business divisions consumer services, business-to-business services, and money movement services. The company provides numerous options for deposit account services, such as checking account products for consumers and small businesses, network-branded reloadable prepaid debit cards and gift cards, and secured credit program options. Additionally, the company provides access to various secured credit program options.