Green Dot Co. (NYSE:GDOT) Receives $10.75 Consensus Price Target from Analysts

Shares of Green Dot Co. (NYSE:GDOT) have earned a consensus rating of “Hold” from the four brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.75.

A number of analysts have issued reports on GDOT shares. Craig Hallum boosted their target price on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Barclays boosted their price objective on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd.

Green Dot Price Performance

Green Dot stock opened at $10.57 on Friday. The company’s 50 day simple moving average is $11.10 and its 200-day simple moving average is $10.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a 1 year low of $7.70 and a 1 year high of $13.58. The company has a market capitalization of $568.53 million, a price-to-earnings ratio of -10.07 and a beta of 0.90.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $10.94 per share, for a total transaction of $1,478,245.62. Following the purchase, the insider now owns 6,292,788 shares of the company’s stock, valued at $68,843,100.72. This represents a 2.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll bought 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This trade represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 334,037 shares of company stock worth $3,862,091 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its holdings in Green Dot by 39.2% in the second quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,691 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Green Dot by 162.0% in 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 last quarter. SummerHaven Investment Management LLC raised its position in shares of Green Dot by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after acquiring an additional 1,524 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Green Dot by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after purchasing an additional 82,022 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Green Dot in the second quarter valued at approximately $107,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.