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

Green Dot Co. (NYSE:GDOT) has received an average recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.75.

Several analysts have recently weighed in on GDOT shares. Craig Hallum boosted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a report on Monday, July 22nd. Finally, Barclays lifted their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd.

Insider Activity at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Green Dot news, insider Topline Capital Management, Ll acquired 36,671 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of the purchase, the insider now directly owns 6,157,665 shares in the company, valued at $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Green Dot

Several hedge funds have recently modified their holdings of GDOT. Nisa Investment Advisors LLC boosted its position in shares of Green Dot by 162.0% in the second 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 during the last quarter. nVerses Capital LLC acquired a new stake in shares of Green Dot in the second quarter worth approximately $25,000. Headlands Technologies LLC boosted its position in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,293 shares during the last quarter. Quarry LP acquired a new stake in shares of Green Dot in the second quarter worth approximately $32,000. Finally, Torno Capital LLC acquired a new stake in shares of Green Dot in the second quarter worth approximately $38,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Stock Down 1.4 %

Shares of Green Dot stock opened at $11.50 on Friday. Green Dot has a 52-week low of $7.30 and a 52-week high of $12.99. The company has a 50 day moving average of $11.35 and a 200 day moving average of $10.09. The company has a market capitalization of $611.92 million, a P/E ratio of -24.47 and a beta of 0.92.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, research analysts anticipate that Green Dot will post 1 earnings per share for the current fiscal year.

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.