Green Dot (NASDAQ: GDOT)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $14.00 price target on the stock, up from their previous price target of $12.00.
The analysts wrote, “Our proprietary analysis examines the evolving relationship between GDOT & WMT (65% of GDOT revs), highlighting the wide range of potential downside/upside EPS impacts from both near-term and longer-term developments, such as Bluebird, pricing pressure, and issues surrounding the F15 WMT contract renewal. We are raising ests and PT due to possible near-term upside to Street, but maintain Hold rating due to longer-term overhangs.”
Several other analysts have also recently commented on the stock. Analysts at SunTrust reiterated a “reduce” rating on shares of Green Dot in a research note to investors on Wednesday, February 20th. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, analysts at BTIG Research initiated coverage on shares of Green Dot in a research note to investors on Monday, February 4th. They set a “buy” rating and a $19.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Green Dot in a research note to investors on Friday, February 1st. They now have a $14.00 price target on the stock, up previously from $12.00.
Shares of Green Dot traded up 0.74% during mid-day trading on Wednesday, hitting $14.89. Green Dot has a one year low of $9.05 and a one year high of $28.54. The stock’s 50-day moving average is currently $14.24. The company has a market cap of $536.0 million and a P/E ratio of 13.79.
Green Dot last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $138.60 million for the quarter, compared to the consensus estimate of $142.62 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Green Dot has set its FY13 guidance at $0.95-1.20 EPS. Analysts expect that Green Dot will post $1.13 EPS for the current fiscal year.
Green Dot Corporation (Green Dot) is a bank holding company. Green Dot is a financial services company providing money management solutions to a base of United States consumers.
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