In a report released today, Michael Grondahl from Northland Securities maintained a Hold rating on Green Dot (GDOT), with a price target of $58. The company’s shares closed yesterday at $47.09, close to its 52-week low of $41.67.
Grondahl commented:
“We were surprised (as many were) by GDOT’s recent “Big Pivot” and its stock’s collapse from the $70-$80-dollar range to mid $40 range post 1Q19 earnings.”
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 18.9% and a 58.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
Currently, the analyst consensus on Green Dot is a Moderate Buy with an average price target of $73.88.
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The company has a one-year high of $93 and a one-year low of $41.67. Currently, Green Dot has an average volume of 767.1K.
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock.
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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.
