BTIG Maintains a Hold Rating on Green DotBy Carrie Williams
According to TipRanks.com, Palmer is a 4-star analyst with an average return of 1.0% and a 56.4% success rate. Palmer covers the Financial sector, focusing on stocks such as Santander Consumer USA, Assured Guaranty Ltd, and Synchrony Financial.
Currently, the analyst consensus on Green Dot is Moderate Buy and the average price target is $27.50, representing a 16.9% upside.
In a report issued on November 9, J.P. Morgan also reiterated a Hold rating on the stock with a $27 price target.
Based on Green Dot’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $154 million and quarterly net profit of $2.04 million. In comparison, last year the company earned revenue of $146 million and had a net profit of $179K.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, John Ricci, the GC & Secretary of GDOT sold 16,582 shares for a total of $385,200.
Green Dot Corp. is a technology-centric, pro-consumer Bank Holding Company with a mission to reinvent personal banking for the masses. The company is one of the largest providers of prepaid debit card products and prepaid card reloading services in the United States. It also provides mobile technology and mobile banking with its award-winning GoBank mobile checking account. The company’s products and services are available to consumers at retail locations, thousands of neighborhood financial service center locations, online, in the leading app stores. Green Dot was founded by Steven W. Streit in October 1, 1999 and is headquartered in Pasadena, CA.