Cowen & Co. analyst Georgios Mihalos reiterated a Hold rating on Green Dot (NYSE: GDOT) yesterday and set a price target of $76. The company’s shares closed yesterday at $80.70, close to its 52-week high of $84.48.
According to TipRanks.com, Mihalos is a 5-star analyst with an average return of 20.3% and a 85.0% success rate. Mihalos covers the Technology sector, focusing on stocks such as Fidelity National Info, Alliance Data Systems, and Total System Services.
Currently, the analyst consensus on Green Dot is a Moderate Buy with an average price target of $88.67, representing a 9.9% upside. In a report released yesterday, KBW also reiterated a Hold rating on the stock with a $88 price target.
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Based on Green Dot’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $29.83 million. In comparison, last year the company had a net profit of $19.27 million.
Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Jess Unruh, the CAO of GDOT sold 31,043 shares for a total of $2,216,912.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Green Dot Corp. is a pro-consumer bank holding company and financial technology innovator, which 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.
