Green Dot (NYSE:GDOT) Price Target Cut to $7.00 by Analysts at Barclays

Green Dot (NYSE:GDOT) had its price target decreased by Barclays from $10.00 to $7.00 in a research report released on Monday,Benzinga reports. Barclays currently has an underweight rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods dropped their target price on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday.

Green Dot Trading Down 12.2 %

NYSE:GDOT opened at $6.72 on Monday. Green Dot has a 12 month low of $6.65 and a 12 month high of $13.58. The firm has a market capitalization of $361.45 million, a PE ratio of -6.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The business’s 50-day moving average is $9.28 and its two-hundred day moving average is $10.51.

Insider Transactions at Green Dot

In related news, insider Topline Capital Management, Ll sold 247,230 shares of Green Dot stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the transaction, the insider now directly owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This trade represents a 3.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of Green Dot stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the transaction, the insider now owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 959,180 shares of company stock valued at $10,071,696. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in Green Dot in the fourth quarter worth about $291,000. ProShare Advisors LLC boosted its stake in Green Dot by 45.8% in the fourth quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 5,089 shares during the period. Nuveen Asset Management LLC boosted its stake in Green Dot by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 647,396 shares of the financial services provider’s stock valued at $6,888,000 after acquiring an additional 6,964 shares during the period. Millennium Management LLC boosted its stake in Green Dot by 10.6% in the fourth quarter. Millennium Management LLC now owns 71,452 shares of the financial services provider’s stock valued at $760,000 after acquiring an additional 6,844 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Green Dot by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 1,292 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.