Green Dot (NYSE:GDOT) Price Target Raised to $10.00 at Barclays

Green Dot (NYSE:GDOT) had its target price upped by Barclays from $7.00 to $10.00 in a research report released on Monday,Benzinga reports. Barclays currently has an underweight rating on the financial services provider’s stock.

Several other equities analysts also recently weighed in on GDOT. Northland Securities raised Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, April 9th. Northland Capmk raised Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. Finally, Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Green Dot currently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Green Dot Stock Performance

NYSE GDOT opened at $10.15 on Monday. Green Dot has a 1-year low of $6.12 and a 1-year high of $13.58. The company has a market capitalization of $550.43 million, a P/E ratio of -9.67 and a beta of 0.76. The business has a 50 day moving average price of $7.99 and a 200 day moving average price of $9.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period last year, the business posted $0.59 EPS. Green Dot’s quarterly revenue was up 23.6% on a year-over-year basis. Sell-side analysts expect that Green Dot will post 0.87 EPS for the current fiscal year.

Insider Transactions at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the sale, the insider now owns 253,139 shares in the company, valued at $2,784,529. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Several hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC boosted its holdings in shares of Green Dot by 5.1% during the first quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,483 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Green Dot by 175.1% during the first quarter. Jump Financial LLC now owns 171,794 shares of the financial services provider’s stock worth $1,450,000 after purchasing an additional 109,344 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Green Dot by 69.5% during the first quarter. AlphaQuest LLC now owns 23,865 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 9,785 shares during the last quarter. DLD Asset Management LP acquired a new position in Green Dot in the first quarter valued at $549,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in Green Dot in the first quarter valued at $790,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.