Nomura Reiterates Neutral on Green Dot (GDOT)

By admin | 6 years ago

Green Dot (NASDAQ: GDOT)‘s stock had its “neutral” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Friday.

Shares of Green Dot traded down 0.08% during mid-day trading on Friday, hitting $26.27. Green Dot has a one year low of $24.86 and a one year high of $44.73. The company has a market cap of $931.4 million and a P/E ratio of 21.46.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.48 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.45 EPS by $0.03. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that Green Dot will post $0.42 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Green Dot from $41.00 to $35.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Compass Point downgraded shares of Green Dot from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $30.00 price target on the stock, down previously from $43.00. Finally, analysts at JPMorgan Chase (NYSE: JPM) cut their EPS estimates on shares of Green Dot in a research note on Tuesday. They now have an “overweight” rating and a $34.00 price target on the stock. They previously had a $37.00 price target on the stock.

Green Dot Corporation (Green Dot) is a prepaid financial services company providing money management solutions to a range of the United States consumers.

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