Green Dot (NYSE:GDOT) Upgraded to "Buy" at Craig Hallum

Green Dot (NYSE:GDOT - Get Free Report) was upgraded by investment analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research report issued on Friday, Marketbeat reports. The brokerage currently has a $14.00 price objective on the financial services provider's stock. Craig Hallum's target price would indicate a potential upside of 92.25% from the stock's current price.

Several other equities analysts have also issued reports on GDOT. Keefe, Bruyette & Woods dropped their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Barclays dropped their price target on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd.

Green Dot Trading Down 2.1 %

GDOT traded down $0.16 during trading on Friday, hitting $7.28. The company's stock had a trading volume of 1,584,993 shares, compared to its average volume of 506,946. Green Dot has a twelve month low of $6.12 and a twelve month high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average price is $8.53 and its 200-day moving average price is $10.20. The firm has a market capitalization of $394.90 million, a P/E ratio of -6.94 and a beta of 1.06.

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Insider Transactions at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the transaction, the insider now directly owns 5,376,787 shares of the company's stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Topline Capital Management, Ll sold 380,611 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the sale, the insider now owns 5,708,126 shares of the company's stock, valued at $59,592,835.44. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock valued at $10,071,696 over the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Green Dot

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Green Dot by 9.0% during the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock worth $14,324,000 after buying an additional 101,008 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider's stock worth $3,885,000 after buying an additional 78,547 shares in the last quarter. Barclays PLC grew its holdings in Green Dot by 342.0% during the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock worth $1,036,000 after buying an additional 68,481 shares in the last quarter. FMR LLC grew its holdings in Green Dot by 62.8% during the third quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock worth $513,000 after buying an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider's stock worth $2,964,000 after buying an additional 26,676 shares in the last quarter. 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.