Green Dot (NYSE:GDOT) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.02-0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $225-230 million, compared to the consensus revenue estimate of $257.01 million.Green Dot also updated its FY 2019 guidance to $2.71-2.77 EPS.
Several equities research analysts recently commented on the company. ValuEngine cut Green Dot from a sell rating to a strong sell rating in a research note on Thursday. SunTrust Banks reissued a buy rating and issued a $50.00 price target on shares of Green Dot in a research note on Thursday. Guggenheim raised Green Dot from a neutral rating to a buy rating in a research note on Friday. Craig Hallum lowered their price target on Green Dot from $100.00 to $50.00 and set a buy rating for the company in a research note on Thursday. Finally, Needham & Company LLC reduced their target price on Green Dot to $42.00 and set a buy rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $60.91.
Shares of NYSE GDOT traded up $2.40 during trading hours on Friday, reaching $29.82. The stock had a trading volume of 3,554,359 shares, compared to its average volume of 572,779. The stock has a fifty day moving average price of $47.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.51 billion, a P/E ratio of 11.79 and a beta of 0.96. Green Dot has a twelve month low of $24.19 and a twelve month high of $93.00.
In other Green Dot news, insider Konrad Alt sold 919 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $41.91, for a total value of $38,515.29. Following the sale, the insider now directly owns 76,724 shares in the company, valued at $3,215,502.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Brett Narlinger sold 5,532 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $48.87, for a total value of $270,348.84. Following the completion of the sale, the executive now owns 81,554 shares in the company, valued at $3,985,543.98. The disclosure for this sale can be found here. Insiders sold 13,238 shares of company stock worth $630,772 over the last quarter. Company insiders own 7.80% of the company’s stock.
Green Dot Company Profile
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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