Green Dot Receives Hold Rating from Jefferies Group (GDOT)

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Green Dot (NASDAQ: GDOT)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $16.00 price objective on the stock. Jefferies Group’s price objective would indicate a potential downside of 16.01% from the company’s current price.

GDOT has been the subject of a number of other recent research reports. Analysts at BTIG Research reiterated a “buy” rating on shares of Green Dot in a research note to investors on Tuesday. They now have a $23.00 price target on the stock, up previously from $19.00. Separately, analysts at Compass Point raised their price target on shares of Green Dot from $20.00 to $23.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a research note to investors on Thursday, May 23rd.

One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $17.34.

Green Dot (NASDAQ: GDOT) traded down 0.73% on Tuesday, hitting $18.91. Green Dot has a 1-year low of $9.05 and a 1-year high of $19.49. The stock’s 50-day moving average is currently $17.8. The company has a market cap of $683.4 million and a price-to-earnings ratio of 18.06.

Green Dot (NASDAQ: GDOT) last announced its earnings results on Tuesday, April 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05. The company had revenue of $155.80 million for the quarter, compared to the consensus estimate of $141.35 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Green Dot has set its FY13 guidance at $0.95-1.20 EPS. On average, analysts predict that Green Dot will post $1.20 earnings per share for the current fiscal year.

Green Dot Corporation (NASDAQ: GDOT) is a bank holding company.

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