Green Dot (NYSE:GDOT – Get Rating) had its target price lowered by research analysts at Needham & Company LLC from $30.00 to $24.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price target would suggest a potential upside of 23.78% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. William Blair cut Green Dot from an “outperform” rating to a “market perform” rating in a report on Monday, October 17th. Keefe, Bruyette & Woods dropped their price target on Green Dot from $27.00 to $22.00 in a research report on Monday, October 10th. Citigroup raised their price target on Green Dot to $28.00 in a research report on Tuesday, August 9th. Barclays downgraded Green Dot from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $31.00 to $25.00 in a research report on Monday, August 15th. Finally, StockNews.com initiated coverage on Green Dot in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.50.
Green Dot Price Performance
GDOT opened at $19.39 on Thursday. The business has a 50 day simple moving average of $19.24 and a 200-day simple moving average of $23.44. The stock has a market capitalization of $1.04 billion, a P/E ratio of 22.29 and a beta of 0.97. Green Dot has a 12 month low of $16.93 and a 12 month high of $44.50.
Institutional Inflows and Outflows
About Green Dot
Green Dot Corporation, a financial technology and bank holding company, provides various financial products to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company offers deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.
- Get a free copy of the StockNews.com research report on Green Dot (GDOT)
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