Green Dot Co. (NYSE:GDOT) Given Consensus Recommendation of “Hold” by Analysts

Shares of Green Dot Co. (NYSE:GDOT) have received an average rating of “Hold” from the four ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.75.

Several analysts have recently weighed in on GDOT shares. Barclays boosted 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. Craig Hallum boosted their price objective on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Green Dot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in Green Dot during the second quarter worth about $25,000. Nisa Investment Advisors LLC boosted its stake in shares of Green Dot by 162.0% during the 2nd 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 in the last quarter. Quarry LP purchased a new position in Green Dot in the 2nd quarter valued at approximately $32,000. Headlands Technologies LLC raised its holdings in Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares during the last quarter. Finally, Torno Capital LLC purchased a new stake in Green Dot during the second quarter worth $38,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of GDOT opened at $10.57 on Friday. The firm has a fifty day moving average price of $11.10 and a 200 day moving average price of $10.57. The stock has a market cap of $568.53 million, a PE ratio of -10.07 and a beta of 0.90. Green Dot has a 1-year low of $7.70 and a 1-year high of $13.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

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.