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

Green Dot Co. (NYSE:GDOT) 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.

Insider Activity

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

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) 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.