Northland Securities analyst Michael Grondahl maintained a Hold rating on Green Dot (GDOT – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $9.93.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 10.1% and a 48.03% success rate. Grondahl covers the Financial sector, focusing on stocks such as Lendingtree, Encore Capital, and Green Dot.
Currently, the analyst consensus on Green Dot is a Hold with an average price target of $11.75, a 18.33% upside from current levels. In a report released yesterday, KBW also assigned a Hold rating to the stock with a $11.00 price target.
The company has a one-year high of $21.37 and a one-year low of $7.30. Currently, Green Dot has an average volume of 724.3K.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GDOT in relation to earlier this year.
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Green Dot (GDOT) Company Description:
Green Dot Corp. operates as a financial technology leader and bank holding company. It engages in the provision of prepaid cards, debit cards, checking accounts, secured credit cards, payroll debit cards, consumer cash processing services, wage disbursements, and tax refund processing services. It operates through the following segments: Account Services; and Processing and Settlement Services. The Account Services segment offers deposit account programs that can be acquired through omni-channel distribution platform. The Processing and Settlement Services segment comprises products and services that all specialize in facilitating the movement of funds on behalf of consumers and businesses. The company was founded by Steven W. Streit in October 1, 1999 and is headquartered in Pasadena, CA.
