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

Green Dot Co. (NYSE:GDOT) has earned an average recommendation of “Hold” from the four ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.75.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. Barclays raised their price target 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. Finally, Craig Hallum raised their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday.

Insider Activity at Green Dot

In other news, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the transaction, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $11.87 per share, for a total transaction 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were bought at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Green Dot

A number of hedge funds and other institutional investors have recently made changes to their positions in GDOT. Charles Schwab Investment Management Inc. raised its position in shares of Green Dot by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock worth $7,416,000 after buying an additional 81,846 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Green Dot in the 4th quarter worth approximately $415,000. Hsbc Holdings PLC raised its holdings in shares of Green Dot by 33.3% in the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock worth $3,408,000 after purchasing an additional 84,894 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of Green Dot in the 4th quarter worth approximately $256,000. Finally, Quadrature Capital Ltd raised its holdings in shares of Green Dot by 111.7% in the 4th quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 33,068 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

Green Dot Price Performance

NYSE GDOT opened at $11.02 on Monday. Green Dot has a 12 month low of $7.30 and a 12 month high of $13.54. The company has a market capitalization of $586.37 million, a price-to-earnings ratio of -23.45 and a beta of 0.92. The company’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $9.86.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating 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 firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Green Dot will post 1 EPS for the current year.

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.