Northland Securities analyst Michael Grondahl maintained a Buy rating on Green Dot (GDOT) on April 12 and set a price target of $100. The company’s shares closed yesterday at $61.18, close to its 52-week low of $56.23.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 25.3% and a 68.5% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Green Dot with a $88 average price target, which is a 43.8% upside from current levels. In a report issued on April 1, KBW also upgraded the stock to Buy with a $72 price target.
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Green Dot’s market cap is currently $3.24B and has a P/E ratio of 28.02. The company has a Price to Book ratio of 3.56.
Based on the recent corporate insider activity of 116 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.
