Green Dot Co. (NYSE:GDOT) Receives $10.75 Average Price Target from Analysts

Green Dot Co. (NYSE:GDOT) has received an average recommendation of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.75.

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

Insider Buying and Selling at Green Dot

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

Institutional Investors Weigh In On Green Dot

A number of institutional investors and hedge funds have recently modified their holdings of GDOT. Nisa Investment Advisors LLC boosted its position in shares of Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,609 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Green Dot in the second quarter valued at about $25,000. Headlands Technologies LLC grew its position in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,293 shares during the last quarter. Quarry LP purchased a new position in shares of Green Dot during the 2nd quarter worth approximately $32,000. Finally, Torno Capital LLC acquired a new position in shares of Green Dot during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Down 1.3 %

GDOT opened at $11.85 on Friday. Green Dot has a 52 week low of $7.30 and a 52 week high of $12.99. The business’s 50 day moving average is $11.41 and its two-hundred day moving average is $10.19. The firm has a market cap of $630.27 million, a price-to-earnings ratio of -25.20 and a beta of 0.92.

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

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.