Green Dot Co. (NYSE:GDOT – Get Free Report) has been given a consensus recommendation of “Hold” by the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.75.
Several analysts recently issued reports on the company. Craig Hallum increased their price target on Green Dot from $10.00 to $11.00 and gave the company 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 company an “underweight” rating in a report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd.
Read Our Latest Analysis on GDOT
Insider Activity
Hedge Funds Weigh In On Green Dot
A number of hedge funds have recently bought and sold shares of the company. Kent Lake Capital LLC acquired a new position in Green Dot in the first quarter worth about $7,464,000. Bank of New York Mellon Corp grew its stake in Green Dot by 17.7% in the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after purchasing an additional 82,022 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock worth $4,965,000 after acquiring an additional 104,829 shares during the last quarter. SG Capital Management LLC bought a new position in Green Dot in the first quarter worth about $4,254,000. Finally, American Century Companies Inc. lifted its holdings in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.
Green Dot Trading Down 0.5 %
Shares of GDOT opened at $11.44 on Friday. The firm has a market capitalization of $608.72 million, a P/E ratio of -24.34 and a beta of 0.92. The stock’s fifty day simple moving average is $11.36 and its 200 day simple moving average is $10.14. Green Dot has a twelve month low of $7.30 and a twelve month high of $12.99.
Green Dot (NYSE:GDOT – Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Sell-side analysts predict that Green Dot will post 1 earnings per share for the current year.
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.
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