Brokerages Set Green Dot Co. (NYSE:GDOT) PT at $10.75

Shares of Green Dot Co. (NYSE:GDOT) have been assigned an average rating of “Hold” from the four analysts that are presently covering the firm, Marketbeat reports. One 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 target price among analysts that have issued a report on the stock in the last year is $10.75.

Several research firms have recently commented on GDOT. Craig Hallum upped their target price on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd.

Insiders Place Their Bets

In related news, insider Topline Capital Management, Ll purchased 36,671 shares of the stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $10.94 per share, with a total value of $1,478,245.62. Following the completion of the acquisition, the insider now directly owns 6,292,788 shares of the company’s stock, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 334,037 shares of company stock worth $3,862,091 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 68,481 shares during the period. Geode Capital Management LLC increased its holdings in Green Dot by 9.0% in the third 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 during the period. State Street Corp grew its holdings in Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after acquiring an additional 133,200 shares during the period. Martingale Asset Management L P grew its holdings in Green Dot by 3.7% during the 3rd quarter. Martingale Asset Management L P now owns 93,596 shares of the financial services provider’s stock worth $1,096,000 after acquiring an additional 3,300 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Green Dot by 13.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 114,003 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 13,300 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Price Performance

Green Dot stock opened at $11.21 on Friday. Green Dot has a 12 month low of $7.70 and a 12 month high of $13.58. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $10.57. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $602.95 million, a price-to-earnings ratio of -10.68 and a beta of 0.90.

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.