Green Dot Corporation (NYSE:GDOT) Given Average Recommendation of “Hold” by Brokerages

Green Dot Corporation (NYSE:GDOT) has been given an average recommendation of “Hold” by the five brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.1250.

GDOT has been the subject of a number of analyst reports. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th.

Hedge Funds Weigh In On Green Dot

Hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Green Dot in the fourth quarter worth about $66,000. Tower Research Capital LLC TRC boosted its position in shares of Green Dot by 23.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,221 shares during the period. OLD National Bancorp IN bought a new position in shares of Green Dot during the fourth quarter valued at approximately $128,000. Caxton Associates LLP bought a new position in shares of Green Dot during the first quarter valued at approximately $96,000. Finally, DRW Securities LLC purchased a new stake in shares of Green Dot in the fourth quarter worth approximately $154,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Trading Up 1.9%

Shares of GDOT stock opened at $13.45 on Thursday. The company has a market cap of $762.52 million, a PE ratio of -10.19 and a beta of 0.84. Green Dot has a 1 year low of $9.31 and a 1 year high of $15.41. The stock’s 50 day simple moving average is $13.14 and its two-hundred day simple moving average is $12.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50.

Green Dot (NYSE:GDOT) last announced its earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.24. The firm had revenue of $652.03 million during the quarter, compared to analysts’ expectations of $597.39 million. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%. Research analysts predict that Green Dot will post 1.33 earnings per share for the current year.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.