Green Dot Co. (NYSE:GDOT) Receives Consensus Rating of “Hold” from Analysts

Shares of Green Dot Co. (NYSE:GDOT) have earned a consensus rating of “Hold” from the four brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.75.

GDOT has been the topic of a number of research reports. Craig Hallum raised their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Barclays upped their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $10.94 per share, for a total transaction of $1,478,245.62. Following the acquisition, the insider now owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This trade represents a 2.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 334,037 shares of company stock valued at $3,862,091 over the last quarter. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Green Dot

Several institutional investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Green Dot in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC increased its position in shares of Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,609 shares during the period. Quarry LP purchased a new stake in shares of Green Dot during the second quarter worth $32,000. Headlands Technologies LLC raised its stake 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 acquiring an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC purchased a new position in Green Dot in the second quarter valued at $38,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Price Performance

Green Dot stock opened at $10.23 on Tuesday. The company has a fifty day simple moving average of $11.46 and a 200-day simple moving average of $10.48. 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 firm has a market capitalization of $550.27 million, a price-to-earnings ratio of -9.74 and a beta of 0.91. Green Dot has a 52-week low of $7.70 and a 52-week high of $13.58.

Green Dot Company Profile

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.