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

Shares of Green Dot Co. (NYSE:GDOT - Get Free Report) have been given a consensus recommendation of "Hold" by the four research firms that are covering the company, MarketBeat reports. One research 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 1-year target price among brokers that have covered the stock in the last year is $10.75.

A number of research analysts have recently issued reports on the company. Barclays raised their price objective on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, September 23rd. Craig Hallum raised their price target on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th.

Insider Transactions at Green Dot

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

Institutional Trading of Green Dot

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in shares of Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider's stock worth $3,049,000 after buying an additional 142,377 shares during the period. State Street Corp boosted its stake in Green Dot by 5.6% during the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider's stock worth $29,514,000 after acquiring an additional 133,200 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider's stock worth $4,965,000 after purchasing an additional 104,829 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 valued at $14,324,000 after purchasing an additional 101,008 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider's stock valued at $5,142,000 after purchasing an additional 82,022 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Trading Up 1.5 %

Shares of GDOT traded up $0.16 during mid-day trading on Friday, reaching $11.00. The company's stock had a trading volume of 432,304 shares, compared to its average volume of 542,154. Green Dot has a 52 week low of $7.70 and a 52 week high of $13.58. The stock has a market cap of $591.66 million, a PE ratio of -10.48 and a beta of 0.90. The company's fifty day moving average price is $11.09 and its two-hundred day moving average price is $10.55. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.