Green Dot (NYSE:GDOT) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Green Dot (NYSE:GDOT - Free Report) had its price target decreased by Keefe, Bruyette & Woods from $12.00 to $10.00 in a research note released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Green Dot Stock Up 1.7 %

Shares of NYSE GDOT traded up $0.12 during trading hours on Friday, hitting $6.83. The stock had a trading volume of 834,790 shares, compared to its average volume of 513,339. The firm's 50-day moving average price is $9.20 and its two-hundred day moving average price is $10.48. Green Dot has a 52 week low of $6.42 and a 52 week high of $13.58. The company has a market capitalization of $367.10 million, a P/E ratio of -6.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Insider Transactions at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the completion of the sale, the insider now owns 5,376,787 shares of the company's stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $10.54, for a total value of $2,605,804.20. Following the transaction, the insider now owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This trade represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,180 shares of company stock worth $10,071,696 in the last 90 days. 1.10% of the stock is owned by insiders.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Green Dot during the 4th quarter worth $44,000. KLP Kapitalforvaltning AS bought a new position in shares of Green Dot in the fourth quarter worth about $84,000. Caxton Associates LP acquired a new position in shares of Green Dot during the 4th quarter worth about $121,000. New York State Common Retirement Fund boosted its stake in Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 4,600 shares during the period. Finally, Polymer Capital Management US LLC acquired a new stake in Green Dot in the 4th quarter valued at approximately $131,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.