Brokerages Set Green Dot Co. (NYSE:GDOT) Target Price at $10.75

Green Dot Co. (NYSE:GDOT) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.75.

GDOT has been the subject of a number of analyst reports. Northland Securities upgraded shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. Northland Capmk upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Barclays cut their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $7.62 on Thursday. The stock has a market capitalization of $413.23 million, a P/E ratio of -7.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50-day moving average of $8.00 and a two-hundred day moving average of $9.63. Green Dot has a fifty-two week low of $6.12 and a fifty-two week high of $13.58.

Hedge Funds Weigh In On Green Dot

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after buying an additional 78,547 shares during the period. Barclays PLC boosted its position in Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock worth $1,036,000 after acquiring an additional 68,481 shares during the last quarter. FMR LLC grew its position in Green Dot by 62.8% in the third quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock valued at $2,775,000 after acquiring an additional 7,642 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

About Green Dot

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.