Green Dot Upgraded to “Outperform” by JMP Securities (GDOT)

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Green Dot (NASDAQ: GDOT) was upgraded by analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $21.00 price target on the stock. The analysts noted that the move was a valuation call.

A number of other firms have also recently commented on GDOT. Analysts at Jefferies Group raised their price target on shares of Green Dot from $12.00 to $14.00 in a research note to investors on Wednesday, March 13th. They now have a “hold” rating on the stock. Finally, analysts at SunTrust reiterated a “reduce” rating on shares of Green Dot in a research note to investors on Wednesday, February 20th. They now have a $12.00 price target on the stock, up previously from $10.00.

One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.71.

Green Dot (NASDAQ: GDOT) opened at 15.99 on Tuesday. Green Dot has a 1-year low of $9.05 and a 1-year high of $27.20. The stock’s 50-day moving average is currently $14.80. The company has a market cap of $575.5 million and a price-to-earnings ratio of 14.92.

Green Dot (NASDAQ: GDOT) last announced its earnings results on Thursday, January 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.10. The company had revenue of $138.60 million for the quarter, compared to the consensus estimate of $142.62 million. During the same quarter last year, the company posted $0.40 earnings per share. Green Dot’s revenue was up 13.0% compared to the same quarter last year. Green Dot has set its FY13 guidance at $0.95-1.20 EPS. On average, analysts predict that Green Dot will post $1.14 earnings per share for the current fiscal year.

Green Dot Corporation (NASDAQ: GDOT) is a bank holding company. Green Dot is a financial services company providing money management solutions to a base of United States consumers.

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