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

Shares of Green Dot Co. (NYSE:GDOT) have earned an average recommendation of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.75.

Several brokerages have recently issued reports on GDOT. Barclays raised their price target on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Craig Hallum raised their price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th.

Green Dot Price Performance

GDOT stock opened at $11.21 on Friday. Green Dot has a 1 year low of $7.70 and a 1 year high of $13.58. The stock has a market capitalization of $602.95 million, a PE ratio of -10.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company’s 50-day moving average is $11.10 and its 200-day moving average is $10.57.

Insider Activity

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the acquisition, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. This represents a 2.71 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Topline Capital Management, Ll bought 36,671 shares of Green Dot 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 completion of the acquisition, the insider now owns 5,995,422 shares in the company, valued at approximately $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 334,037 shares of company stock worth $3,862,091 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Green Dot in the 2nd quarter valued at about $25,000. Nisa Investment Advisors LLC boosted its position in 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 valued at $25,000 after buying an additional 1,609 shares during the period. Quarry LP purchased a new stake in Green Dot in the 2nd quarter valued at about $32,000. Headlands Technologies LLC boosted its position in Green Dot by 44.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the period. Finally, Torno Capital LLC purchased a new stake in Green Dot in the 2nd quarter valued at about $38,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

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.