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

Shares of Green Dot Co. (NYSE:GDOT) have received an average rating of “Hold” from the four research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.75.

A number of research firms have issued reports on GDOT. Craig Hallum increased their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Barclays increased 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.

Green Dot Stock Performance

NYSE:GDOT opened at $10.23 on Tuesday. The company has a market capitalization of $550.35 million, a PE ratio of -9.74 and a beta of 0.91. The company has a 50 day simple moving average of $11.50 and a two-hundred day simple moving average of $10.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a fifty-two week low of $7.70 and a fifty-two week high of $13.58.

Insider Buying and Selling at Green Dot

In related news, insider Topline Capital Management, Ll bought 36,671 shares of Green Dot stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of Green Dot stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 334,037 shares of company stock worth $3,862,091. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Green Dot

A number of large investors have recently modified their holdings of the business. SG Capital Management LLC bought a new position in shares of Green Dot during the 1st quarter valued at about $4,254,000. American Century Companies Inc. lifted its stake in shares of Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 142,377 shares during the period. Quest Partners LLC purchased a new position in Green Dot during the second quarter valued at $685,000. State Board of Administration of Florida Retirement System raised its stake in Green Dot by 40.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock valued at $174,000 after buying an additional 5,390 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares during the last quarter. Institutional investors 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.