Green Dot Co. (NYSE:GDOT) Receives $10.75 Average PT from Analysts

Shares of Green Dot Co. (NYSE:GDOT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-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 have recently commented on the company. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Friday, March 14th. Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, February 28th. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Barclays decreased their price objective on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Monday, March 3rd.

Hedge Funds Weigh In On Green Dot

Several institutional investors and hedge funds have recently modified their holdings of GDOT. Meeder Asset Management Inc. bought a new position in shares of Green Dot during the 4th quarter valued at $44,000. GAMMA Investing LLC increased its holdings in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 3,416 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Green Dot in the 4th quarter valued at approximately $84,000. Caxton Associates LP acquired a new stake in Green Dot in the 4th quarter worth approximately $121,000. Finally, New York State Common Retirement Fund boosted its position in Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after purchasing an additional 4,600 shares during the period. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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Green Dot Price Performance

Green Dot stock traded down $0.19 during midday trading on Thursday, hitting $7.39. The company's stock had a trading volume of 206,819 shares, compared to its average volume of 603,910. The stock's 50-day moving average price is $8.00 and its 200-day moving average price is $9.63. The company has a market capitalization of $400.76 million, a PE ratio of -7.04 and a beta of 0.87. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58.

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.