Green Dot Co. (NYSE:GDOT) Receives Average Rating of “Hold” from Analysts

Green Dot Co. (NYSE:GDOT) has received a consensus recommendation of “Hold” from the four brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.75.

A number of analysts recently weighed in on GDOT shares. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. Finally, Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd.

Green Dot Price Performance

GDOT opened at $10.67 on Tuesday. The stock has a market cap of $572.82 million, a P/E ratio of -10.16 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 52-week low of $7.70 and a 52-week high of $13.58. The business has a fifty day moving average of $11.52 and a 200 day moving average of $10.47.

Insider Buying and Selling

In other Green Dot news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 2.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Topline Capital Management, Ll bought 36,671 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 334,037 shares of company stock worth $3,862,091. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

Large investors have recently made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Green Dot during the second quarter worth $25,000. Nisa Investment Advisors LLC boosted its holdings in Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares during the period. Quarry LP acquired a new position in Green Dot in the 2nd quarter valued at about $32,000. Headlands Technologies LLC lifted its position in shares of Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC purchased a new position in shares of Green Dot in the second quarter valued at approximately $38,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.