Deutsche Bank Maintains Green Dot Corporation to Hold with Price Target $25.00

Brokerage firm Deutsche Bank Maintains its rating on Green Dot Corporation(NYSE:GDOT). In a research note issued to the investors, the brokerage major Raises the price-target to $25.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 5, 2016.

Green Dot Corporation (GDOT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.48% or 0.11 points. Due to strong positive momentum, the stock ended at $23.2, which is also near the day’s high of $23.25. The stock began the session at $23.06 and the volume stood at 2,98,984 shares. The 52-week high of the shares is $24.41 and the 52 week low is $15.28. The company has a current market capitalization of $1,130 M and it has 4,86,98,939 shares in outstanding.

Green Dot Corporation(GDOT) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $173.59M. Analysts had an estimated revenue of $169.27M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Jan 15, 2016, John C Ricci (General Counsel and Secretary) sold 7,866 shares at $15.49 per share price.Also, On Feb 3, 2015, Steven W Streit (CEO) purchased 206,800 shares at $14.45 per share price.On Jan 7, 2015, Kuan Archer (Chief Operating Officer) sold 9,375 shares at $20.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Green Dot Corporation (Green Dot) is the bank holding company of Green Dot Bank. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company’s products and services include branded deposit account programs private label deposit account programs and processing and settlement services. The branded deposit account programs include Green Dot-branded and affinity-branded GPR card accounts checking accounts and open-loop gift cards. Under private label deposit account programs the Company provides private label GPR card accounts on behalf of a retailer or other third party entity. The processing and settlement services include reload services and tax refund processing services. The Company also offers mobile banking services through its GoBank mobile checking account.

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