Cowen & Co. Keeps a Hold Rating on Green Dot

By Carrie Williams

Cowen & Co. analyst Georgios Mihalos reiterated a Hold rating on Green Dot (NYSE: GDOT) yesterday and set a price target of $55. The company’s shares closed yesterday at $61.61, close to its 52-week high of $65.88.

According to, Mihalos is a 5-star analyst with an average return of 20.7% and a 89.6% success rate. Mihalos covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

Green Dot has an analyst consensus of Moderate Buy, with a price target consensus of $66.

The company has a one-year high of $65.88 and a one-year low of $25.08. Currently, Green Dot has an average volume of 363.1K.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Kuan Archer, the COO of GDOT sold 18,000 shares for a total of $1,109,970.

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Green Dot Corp. is a technology-centric, pro-consumer bank holding company. The company provides prepaid debit card products and prepaid card reloading services in the United States. It also provides mobile technology and mobile banking with its GoBank mobile checking account.