Green Dot Corporation (NYSE:GDOT) Stock Has Average Target Price of $16.12

Green Dot Corporation (NYSE:GDOT) has earned an average recommendation of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.12.

GDOT has been the subject of a number of analyst reports. Zacks Research lowered Green Dot from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th.

Institutional Trading of Green Dot

Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD National Bancorp IN boosted its holdings in Green Dot by 17.6% in the 1st quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,763 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Green Dot during the 2nd quarter worth approximately $26,000. Strs Ohio increased its holdings in shares of Green Dot by 10.0% during the 1st quarter. Strs Ohio now owns 55,100 shares of the financial services provider’s stock worth $618,000 after buying an additional 5,000 shares during the last quarter. Villanova Investment Management Co LLC raised its position in shares of Green Dot by 4.5% during the 4th quarter. Villanova Investment Management Co LLC now owns 209,211 shares of the financial services provider’s stock valued at $2,680,000 after buying an additional 9,099 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Green Dot during the 1st quarter valued at approximately $173,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Stock Performance

GDOT opened at $12.26 on Friday. The firm has a market capitalization of $698.70 million, a PE ratio of -24.04 and a beta of 0.82. Green Dot has a twelve month low of $10.10 and a twelve month high of $14.60. The firm’s 50-day moving average price is $13.27 and its 200 day moving average price is $12.70. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Monday, August 10th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The business had revenue of $591.29 million for the quarter, compared to analysts’ expectations of $541.16 million. As a group, sell-side analysts expect that Green Dot will post 1.32 EPS for the current fiscal year.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides digital banking, payment and financial services to consumers and businesses in the United States. Through its subsidiaries, including Green Dot Bank, the company offers checking and savings accounts, prepaid debit cards, mobile banking tools, direct deposit services and money-transfer products.

Green Dot markets products under its own brands, including GO2bank, and provides program management and banking services for business partners.