Green Dot Co. (NYSE:GDOT) Receives Consensus Rating of "Hold" from Brokerages

Green Dot Co. (NYSE:GDOT - Get Free Report) has received an average rating of "Hold" from the four ratings firms that are covering the company, MarketBeat reports. One 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.75.

GDOT has been the subject of a number of analyst reports. Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. Finally, Craig Hallum boosted their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Friday, October 4th.

Green Dot Trading Down 0.6 %

Shares of NYSE GDOT traded down $0.06 during trading on Friday, reaching $11.44. 198,002 shares of the company traded hands, compared to its average volume of 547,995. The stock has a market cap of $608.46 million, a P/E ratio of -24.47 and a beta of 0.92. The firm's fifty day simple moving average is $11.35 and its 200 day simple moving average is $10.09. Green Dot has a 12-month low of $7.30 and a 12-month high of $12.99.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company had revenue of $407.10 million during the quarter, compared to analysts' expectations of $381.87 million. During the same period last year, the business earned $0.20 earnings per share. Green Dot's quarterly revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Green Dot will post 1 EPS for the current year.

Insider Activity at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of the transaction, the insider now directly owns 6,157,665 shares of the company's stock, valued at $73,091,483.55. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Topline Capital Management, Ll purchased 36,671 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares of the company's stock, valued at approximately $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the purchase, the insider now directly owns 6,157,665 shares of the company's stock, valued at approximately $73,091,483.55. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Green Dot

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock worth $25,000 after acquiring an additional 1,609 shares in the last quarter. nVerses Capital LLC purchased a new position in Green Dot in the second quarter valued at $25,000. Headlands Technologies LLC grew its stake in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,293 shares in the last quarter. Quarry LP purchased a new stake in Green Dot during the 2nd quarter worth about $32,000. Finally, Torno Capital LLC purchased a new stake in Green Dot during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 92.56% of the company's stock.

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.