Green Dot Corporation (NYSE:GDOT) Receives $13.56 Consensus Price Target from Brokerages

Green Dot Corporation (NYSE:GDOT) has been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.5625.

Several analysts have weighed in on the company. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Tuesday, April 21st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $18.00 price objective on shares of Green Dot in a research report on Tuesday, March 17th.

Institutional Trading of Green Dot

Several large investors have recently bought and sold shares of GDOT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Green Dot by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 1,341 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Green Dot in the 1st quarter worth approximately $96,000. Empowered Funds LLC boosted its position in shares of Green Dot by 7.2% in the 1st quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock worth $1,679,000 after purchasing an additional 13,437 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Green Dot by 235.6% in the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock worth $3,777,000 after purchasing an additional 314,208 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Green Dot in the 2nd quarter worth approximately $287,000. 92.56% of the stock is owned by institutional investors.

Green Dot Stock Up 0.7%

Shares of NYSE:GDOT opened at $12.63 on Tuesday. The stock’s 50-day moving average is $11.58 and its 200 day moving average is $12.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $701.96 million, a PE ratio of -7.10 and a beta of 0.86. Green Dot has a 1 year low of $8.05 and a 1 year high of $15.41.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Monday, March 16th. The financial services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $519.72 million for the quarter, compared to analysts’ expectations of $508.09 million. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%. Sell-side analysts anticipate that Green Dot will post 1.09 EPS 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.