Green Dot (NYSE:GDOT) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

GDOT has been the subject of several other reports. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday, March 14th. Barclays lowered 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. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Northland Securities raised Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.75.

Green Dot Trading Up 1.3 %

NYSE:GDOT opened at $7.33 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a 1 year low of $6.12 and a 1 year high of $13.58. The stock has a market capitalization of $397.61 million, a price-to-earnings ratio of -6.98 and a beta of 0.87. The stock has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $9.67.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised 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 in the last quarter. JPMorgan Chase & Co. raised its stake in Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after buying an additional 78,547 shares in the last quarter. Barclays PLC grew its position in shares of Green Dot by 342.0% in 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 in the last quarter. FMR LLC boosted its holdings in Green Dot by 62.8% in the third quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 16,917 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Green Dot by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock worth $2,775,000 after purchasing an additional 7,642 shares during the period. 92.56% of the stock is currently owned by institutional investors.

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.