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

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

A number of analysts have recently issued reports on GDOT shares. Craig Hallum lifted their price objective 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. Finally, Barclays lifted their price objective 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.

Insider Transactions at Green Dot

In related news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently added to or reduced their stakes in GDOT. Kent Lake Capital LLC acquired a new position in Green Dot in the first quarter worth $7,464,000. SG Capital Management LLC acquired a new position in shares of Green Dot during the first quarter valued at $4,254,000. American Century Companies Inc. boosted its holdings in shares of Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 142,377 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after acquiring an additional 104,829 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock valued at $5,142,000 after acquiring an additional 82,022 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Performance

NYSE GDOT opened at $11.50 on Friday. Green Dot has a one year low of $7.30 and a one year high of $12.99. The company’s 50 day moving average price is $11.35 and its 200 day moving average price is $10.09. The firm has a market capitalization of $611.92 million, a price-to-earnings ratio of -24.47 and a beta of 0.92.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter last year, the firm posted $0.20 earnings per share. Green Dot’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that Green Dot will post 1 EPS for the current fiscal year.

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.