Green Dot Co. (NYSE:GDOT) Given Consensus Rating of "Hold" by Analysts

Green Dot Co. (NYSE:GDOT - Get Free Report) has been given a consensus recommendation of "Hold" by the four analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.75.

A number of equities research analysts recently commented on the company. Craig Hallum upped their price objective on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. Finally, Barclays increased their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, September 23rd.

Insider Buying and Selling at Green Dot

In related news, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the transaction, the insider now owns 6,292,788 shares of the company's stock, valued at $68,843,100.72. The trade was a 2.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll bought 36,671 shares of the stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 334,037 shares of company stock valued at $3,862,091. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GDOT. nVerses Capital LLC bought a new stake in Green Dot in the 2nd quarter valued at approximately $25,000. Nisa Investment Advisors LLC raised its holdings in shares of Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,609 shares during the last quarter. Quarry LP bought a new stake in shares of Green Dot in the second quarter worth $32,000. Headlands Technologies LLC grew its position in Green Dot by 44.3% in the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC acquired a new stake in Green Dot in the 2nd quarter valued at $38,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Trading Down 0.0 %

Shares of NYSE GDOT traded down $0.01 during mid-day trading on Tuesday, hitting $10.66. The company's stock had a trading volume of 640,193 shares, compared to its average volume of 546,785. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $573.13 million, a price-to-earnings ratio of -10.11 and a beta of 0.91. The company's fifty day simple moving average is $11.52 and its 200-day simple moving average is $10.47. Green Dot has a one year low of $7.70 and a one year high of $13.58.

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.