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

Shares of Green Dot Co. (NYSE:GDOT) have been assigned a consensus rating of “Hold” from the four analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.75.

A number of research analysts recently issued reports on the company. StockNews.com raised Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods cut their price target on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Finally, Truist Financial lifted their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th.

Green Dot Stock Performance

Shares of NYSE:GDOT opened at $9.48 on Friday. Green Dot has a 52 week low of $7.30 and a 52 week high of $21.37. The company’s fifty day moving average is $9.44 and its 200-day moving average is $9.12. The company has a market capitalization of $504.43 million, a PE ratio of -20.17 and a beta of 0.98.

Green Dot (NYSE:GDOT) last issued its earnings results on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The firm had revenue of $447.42 million during the quarter, compared to analyst estimates of $415.70 million. On average, analysts forecast that Green Dot will post 1.02 EPS for the current year.

Institutional Trading of Green Dot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its holdings in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,293 shares during the last quarter. UMB Bank n.a. raised its holdings in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,415 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Green Dot during the 4th quarter worth about $53,000. PNC Financial Services Group Inc. increased its stake in shares of Green Dot by 65.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 2,434 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Green Dot by 39.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 2,074 shares during the last quarter. 92.56% of the stock is 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.