Green Dot (NYSE:GDOT) Upgraded by Northland Securities to "Outperform" Rating

Northland Securities upgraded shares of Green Dot (NYSE:GDOT - Free Report) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has $12.00 target price on the financial services provider's stock.

A number of other equities research analysts have also recently issued reports on GDOT. Craig Hallum upgraded shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a report on Friday, March 14th. Barclays lowered their target price on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price target on 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 research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

Green Dot Stock Performance

Shares of Green Dot stock traded up $0.09 on Wednesday, reaching $7.42. The stock had a trading volume of 706,967 shares, compared to its average volume of 603,709. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The business's 50-day moving average price is $8.02 and its two-hundred day moving average price is $9.66. The stock has a market cap of $402.39 million, a P/E ratio of -7.07 and a beta of 0.87. Green Dot has a fifty-two week low of $6.12 and a fifty-two week high of $13.58.

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Institutional Trading of Green Dot

Several institutional investors have recently modified their holdings of GDOT. Geode Capital Management LLC lifted its position in Green Dot by 9.0% in 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 purchasing an additional 101,008 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 78,547 shares during the period. Barclays PLC boosted its position in shares of Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after acquiring an additional 68,481 shares in the last quarter. FMR LLC raised its position in Green Dot by 62.8% in the third 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Green Dot by 3.0% during the fourth 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 period. Institutional investors and hedge funds 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.