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

Green Dot Co. (NYSE:GDOT) has earned an average recommendation of “Hold” from the four brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.75.

GDOT has been the topic of a number of research analyst reports. Craig Hallum increased their target price on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Barclays increased their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd.

Insider Transactions at Green Dot

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

Institutional Trading of Green Dot

Several large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Green Dot by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 26,676 shares during the period. Amalgamated Bank increased its position in shares of Green Dot by 14.0% during the 3rd quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,920 shares during the period. State of Alaska Department of Revenue increased its position in shares of Green Dot by 14.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 30,650 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 3,783 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Green Dot by 13.0% during the 3rd quarter. Louisiana State Employees Retirement System now owns 26,000 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 3,000 shares during the period. Finally, Griffin Asset Management Inc. acquired a new position in shares of Green Dot during the 3rd quarter valued at $232,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Down 2.9 %

NYSE:GDOT opened at $11.36 on Friday. The business’s 50 day moving average is $11.42 and its two-hundred day moving average is $10.20. Green Dot has a 52 week low of $7.30 and a 52 week high of $12.99. The company has a market cap of $610.17 million, a PE ratio of -11.14 and a beta of 0.92.

Green Dot (NYSE:GDOT) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. During the same quarter last year, the business posted $0.20 EPS. Green Dot’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Green Dot will post 1 EPS 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.