Green Dot (NYSE:GDOT) Price Target Raised to $10.00 at Barclays

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

Separately, Keefe, Bruyette & Woods reissued a market perform rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $11.50.

Green Dot Stock Performance

GDOT opened at $11.59 on Monday. The company has a fifty day moving average of $10.65 and a two-hundred day moving average of $9.77. The stock has a market capitalization of $616.70 million, a price-to-earnings ratio of -24.66 and a beta of 0.91. Green Dot has a fifty-two week low of $7.30 and a fifty-two week high of $14.10.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $407.10 million during the quarter, compared to analyst estimates of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. Green Dot’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities research analysts forecast that Green Dot will post 1 earnings per share for the current year.

Hedge Funds Weigh In On Green Dot

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Green Dot by 428.0% during the fourth quarter. BNP Paribas Financial Markets now owns 111,524 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 90,402 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of Green Dot in the first quarter valued at about $4,254,000. Quest Partners LLC purchased a new position in shares of Green Dot in the second quarter worth about $685,000. State Board of Administration of Florida Retirement System boosted its position in Green Dot by 40.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 5,390 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after acquiring an additional 104,829 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

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.