Craig Hallum Lowers Green Dot (NYSE:GDOT) Price Target to $30.00

Green Dot (NYSE:GDOTGet Rating) had its price target lowered by research analysts at Craig Hallum to $30.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. Craig Hallum’s price objective would suggest a potential upside of 57.65% from the company’s previous close.

GDOT has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their price target on shares of Green Dot from $27.00 to $22.00 in a research note on Monday, October 10th. StockNews.com assumed coverage on shares of Green Dot in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Needham & Company LLC dropped their price target on shares of Green Dot from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, November 10th. Citigroup upped their price target on shares of Green Dot to $28.00 in a research note on Tuesday, August 9th. Finally, William Blair downgraded shares of Green Dot from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Green Dot Stock Down 3.8 %

Shares of NYSE:GDOT opened at $19.03 on Tuesday. The company’s fifty day moving average is $19.19 and its two-hundred day moving average is $23.26. Green Dot has a 12-month low of $16.93 and a 12-month high of $43.87. The company has a market cap of $1.02 billion, a P/E ratio of 21.87 and a beta of 0.97.

Hedge Funds Weigh In On Green Dot

Hedge funds have recently bought and sold shares of the business. ACG Wealth bought a new stake in Green Dot during the second quarter valued at about $96,000. Sageworth Trust Co bought a new stake in Green Dot during the second quarter valued at about $106,000. Point72 Hong Kong Ltd bought a new stake in Green Dot during the second quarter valued at about $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Green Dot by 9.1% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,785 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 564 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Green Dot during the first quarter valued at about $137,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile

(Get Rating)

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.

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