Green Dot (NYSE:GDOT) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Green Dot (NYSE:GDOT - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on the company. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Friday, March 14th. Barclays dropped their price target 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. Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Green Dot Trading Down 1.7 %

Green Dot stock traded down $0.13 during midday trading on Wednesday, reaching $7.45. The stock had a trading volume of 195,164 shares, compared to its average volume of 603,858. The stock's 50-day simple moving average is $8.00 and its 200 day simple moving average is $9.63. The stock has a market capitalization of $404.01 million, a PE ratio of -7.10 and a beta of 0.87. Green Dot has a twelve month low of $6.12 and a twelve month high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock worth $14,324,000 after purchasing an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Green Dot by 31.0% during the 3rd 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 during the period. Barclays PLC increased its holdings in shares of Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after purchasing an additional 68,481 shares in the last quarter. FMR LLC raised its position in Green Dot by 62.8% in the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock worth $513,000 after purchasing an additional 16,917 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Green Dot by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock worth $2,775,000 after purchasing an additional 7,642 shares during the last quarter. Institutional investors own 92.56% of the company's stock.

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.