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

Green Dot Co. (NYSE:GDOT) has been assigned an average recommendation 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 issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $10.75.

A number of equities analysts have recently issued reports on GDOT shares. Craig Hallum increased 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. Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Topline Capital Management, Ll bought 36,671 shares of Green Dot stock in a transaction dated Monday, September 23rd. The stock was bought at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 2.71 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 334,037 shares of company stock worth $3,862,091 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Several institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Green Dot in the second quarter worth about $25,000. Nisa Investment Advisors LLC increased its stake 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 valued at $25,000 after buying an additional 1,609 shares during the period. Quarry LP acquired a new position in shares of Green Dot in the second quarter valued at approximately $32,000. Headlands Technologies LLC increased its stake in shares of Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the period. Finally, Torno Capital LLC acquired a new position in shares of Green Dot in the second quarter valued at approximately $38,000. Institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

GDOT stock opened at $10.23 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $550.35 million, a price-to-earnings ratio of -9.74 and a beta of 0.91. Green Dot has a 12 month low of $7.70 and a 12 month high of $13.58. The firm has a 50 day moving average of $11.50 and a two-hundred day moving average of $10.47.

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.