Green Dot (NYSE:GDOT) Stock Price Up 4.3% on Insider Buying Activity

Green Dot Co. (NYSE:GDOTGet Free Report) shares traded up 4.3% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $11.21 and last traded at $11.19. 80,915 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 543,469 shares. The stock had previously closed at $10.73.

Specifically, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the purchase, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

GDOT has been the subject of several recent analyst reports. Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. Finally, Craig Hallum upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $10.75.

Get Our Latest Report on GDOT

Green Dot Price Performance

The company has a market cap of $609.61 million, a price-to-earnings ratio of -10.81 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average price is $11.53 and its two-hundred day moving average price is $10.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC boosted its holdings in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Green Dot by 7.3% in the second quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,430 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Green Dot by 4.0% in the second quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after buying an additional 1,524 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,609 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Green Dot by 6.4% in the first quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,615 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

(Get Free Report)

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.

Further Reading

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