Green Dot (NYSE:GDOT) Price Target Increased to $11.00 by Analysts at Craig Hallum

Green Dot (NYSE:GDOT) had its target price boosted by Craig Hallum from $10.00 to $11.00 in a research report released on Friday, Benzinga reports. Craig Hallum currently has a hold rating on the financial services provider’s stock.

GDOT has been the subject of a number of other research reports. Keefe, Bruyette & Woods restated a market perform rating and issued a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. Barclays raised their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an underweight rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $10.75.

Green Dot Price Performance

Shares of GDOT stock traded up $0.35 during mid-day trading on Friday, hitting $11.02. The stock had a trading volume of 291,276 shares, compared to its average volume of 567,702. The firm has a market cap of $586.37 million, a PE ratio of -23.45 and a beta of 0.92. The company’s 50-day simple moving average is $10.86 and its 200-day simple moving average is $9.86. Green Dot has a fifty-two week low of $7.30 and a fifty-two week high of $13.54.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. Green Dot’s revenue was up 11.3% compared to the same quarter last year. On average, analysts expect that Green Dot will post 1 EPS for the current year.

Insider Activity at Green Dot

In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other Green Dot 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 purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd raised its stake in Green Dot by 111.7% during the fourth quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 33,068 shares during the period. DGS Capital Management LLC acquired a new position in Green Dot in the first quarter valued at $139,000. UMB Bank n.a. grew its position in Green Dot by 98.3% during the first quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,415 shares during the period. BNP Paribas Financial Markets increased its stake in Green Dot by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock worth $1,471,000 after acquiring an additional 46,179 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Green Dot by 10.3% in the 1st quarter. Quantbot Technologies LP now owns 73,271 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 6,866 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

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.