The stock of Green Dot Corporation (NYSE:GDOT) hit a new 52-week high and has $25.29 target or 4.00% above today’s $24.32 share price. The 6 months bullish chart indicates low risk for the $1.24B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $25.29 price target is reached, the company will be worth $49.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 79,600 shares traded hands. Green Dot Corporation (NYSE:GDOT) has risen 13.05% since April 25, 2016 and is uptrending. It has outperformed by 7.04% the S&P500.
Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on February, 22. They expect $0.06 EPS, up 250.00% or $0.10 from last year’s $-0.04 per share. GDOT’s profit will be $3.06M for 101.33 P/E if the $0.06 EPS becomes a reality. After $0.11 actual EPS reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts -45.45% negative EPS growth.
Green Dot Corporation (NYSE:GDOT) Ratings Coverage
Out of 7 analysts covering Green Dot (NYSE:GDOT), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Green Dot has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 14 by JP Morgan. Compass Point maintained the stock with “Neutral” rating in Thursday, February 25 report. Portales Partners upgraded the shares of GDOT in a report on Tuesday, August 25 to “Sector Perform” rating. The firm has “” rating by Deutsche Bank given on Friday, November 6. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, September 30. Compass Point maintained the shares of GDOT in a report on Wednesday, August 5 with “Neutral” rating. The firm has “Hold” rating given on Thursday, February 25 by Deutsche Bank. The company was downgraded on Friday, November 6 by BTIG Research. The stock has “Buy” rating given by BTIG Research on Tuesday, February 16. The firm has “Neutral” rating by BTIG Research given on Friday, March 18.
According to Zacks Investment Research, “Green Dot Corporation is a technology-centric, pro-consumer Bank Holding Company with a mission to reinvent personal banking for the masses. The company is the largest provider of prepaid debit card products and prepaid card reloading services in the United States, as well as a leader in mobile banking with its GoBank mobile bank account offering. Green Dot Corporation products are available to consumers at more than 80,000 retailers nationwide, online and via the leading app stores. The company is headquartered in Pasadena, California with its bank subsidiary, Green Dot Bank, located in Provo, Utah.”
Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.39, from 0.76 in 2016Q1. The ratio is positive, as 19 funds sold all Green Dot Corporation shares owned while 64 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 36.30 million shares or 7.10% less from 39.07 million shares in 2016Q1.
Moreover, Ubs Asset Americas has 0% invested in Green Dot Corporation (NYSE:GDOT) for 19,399 shares. Barclays Public Limited reported 1,780 shares or 0% of all its holdings. Meeder Asset holds 1,166 shares or 0% of its portfolio. Blackrock Advsr Limited Liability Corporation holds 0% or 20,997 shares in its portfolio. Pinebridge Lp holds 0.01% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 5,529 shares. D E Shaw And Incorporated holds 141,736 shares or 0.01% of its portfolio. Moreover, Invest Management Of Virginia Limited Liability Corporation has 0.25% invested in Green Dot Corporation (NYSE:GDOT) for 42,820 shares. State Teachers Retirement System, a New York-based fund reported 79,483 shares. Schwab Charles Invest Management Inc holds 163,326 shares or 0% of its portfolio. Thompson Siegel & Walmsley Ltd Company owns 1.66M shares or 0.6% of their US portfolio. Panagora Asset Mngmt Inc has 0% invested in the company for 34,691 shares. The California-based Franklin Resources Inc has invested 0.01% in Green Dot Corporation (NYSE:GDOT). Alliancebernstein Limited Partnership, a New York-based fund reported 65,700 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 1,109 shares. Smith Graham Investment Advsrs L P reported 434,349 shares or 1.38% of all its holdings.
Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 8 insider sales for $4.32 million net activity. Ricci John C had sold 16,582 shares worth $385,309. Shares for $695,200 were sold by Sgoutas Konstantinos. Another trade for 5,000 shares valued at $117,950 was sold by Shifke Mark L. $283,819 worth of Green Dot Corporation (NYSE:GDOT) was sold by Archer Kuan on Tuesday, November 15. Bridgforth-Hodges Glinda sold 6,500 shares worth $151,766.
More notable recent Green Dot Corporation (NYSE:GDOT) news were published by: Equitiesfocus.com which released: “Green Dot Corporation (NYSE:GDOT) Stock Gets Revised Target Of $24.77” on November 28, 2016, also Latimes.com with their article: “Green Dot apologizes for card outage as CEO survives a bid to oust him” published on May 24, 2016, Businesswire.com published: “Director Michael Moritz Issues Letter to Green Dot Shareholders” on May 16, 2016. More interesting news about Green Dot Corporation (NYSE:GDOT) were released by: Latimes.com and their article: “Investor wants prepaid debit firm Green Dot to dump its CEO” published on January 25, 2016 as well as Businesswire.com‘s news article titled: “Green Dot Corporation Names Mark Shifke as Chief Financial Officer” with publication date: December 16, 2015.
GDOT Company Profile
Green Dot Corporation (Green Dot), incorporated on October 26, 1999, along with its subsidiaries, is a pro-consumer financial technology innovator. The Firm is a well-known provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Firm operates through two divisions: Account Services, and Processing and Settlement Services. It also has activities in the mobile technology and mobile banking with GoBank mobile checking account. Through its subsidiary, SBBT Holdings, LLC (TPG), it also operates as a processor of tax refund disbursements in the United States. The Company’s services and products are available to clients through a branchless bank distribution network of over 100,000 the United States retail locations, various neighborhood financial service center locations, online, in the application stores, through approximately 25,000 tax preparation offices, and online tax preparation providers. The Firm offers its services and products to five consumer divisions: unbanked, underbanked, unhappily banked, new to banking and millennials.
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