Green Dot (NYSE:GDOT) Rating Lowered to Sell at StockNews.com

Green Dot (NYSE:GDOT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Truist Financial boosted their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, TheStreet cut shares of Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.75.

Green Dot Stock Up 0.4 %

GDOT stock opened at $8.21 on Tuesday. The company has a market capitalization of $433.47 million, a P/E ratio of 63.12 and a beta of 1.04. The company has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $9.50. Green Dot has a fifty-two week low of $7.30 and a fifty-two week high of $21.37.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $361.72 million during the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. Equities analysts anticipate that Green Dot will post 0.9 EPS for the current year.

Insiders Place Their Bets

In related news, CRO Christian Devin Ruppel acquired 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the acquisition, the executive now owns 101,715 shares in the company, valued at $921,537.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CRO Christian Devin Ruppel acquired 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the acquisition, the executive now owns 101,715 shares in the company, valued at $921,537.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Principal Co Lp Starboard sold 150,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the sale, the insider now owns 276,595 shares in the company, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently made changes to their positions in the business. State of Wyoming grew its stake in shares of Green Dot by 7.7% in the 4th quarter. State of Wyoming now owns 8,812 shares of the financial services provider’s stock valued at $139,000 after buying an additional 633 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Green Dot by 22.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,718 shares of the financial services provider’s stock valued at $70,000 after buying an additional 688 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Green Dot by 2.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,599 shares of the financial services provider’s stock valued at $547,000 after buying an additional 746 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Green Dot by 5.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,804 shares of the financial services provider’s stock valued at $315,000 after buying an additional 840 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Green Dot by 4.9% in the 4th quarter. SG Americas Securities LLC now owns 27,367 shares of the financial services provider’s stock valued at $271,000 after buying an additional 1,285 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

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.