Brokerages Set Green Dot Co. (NYSE:GDOT) Target Price at $11.50

Shares of Green Dot Co. (NYSE:GDOT) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat.com reports. One 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 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.50.

Several analysts have issued reports on GDOT shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. Barclays lifted their price objective on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd.

Green Dot Price Performance

NYSE GDOT opened at $10.96 on Monday. The company has a fifty day moving average of $10.77 and a two-hundred day moving average of $9.83. The company has a market capitalization of $583.18 million, a PE ratio of -23.30 and a beta of 0.91. Green Dot has a 1 year low of $7.30 and a 1 year high of $13.59.

Green Dot (NYSE:GDOT) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts expect that Green Dot will post 1 earnings per share for the current year.

Insider Buying and Selling at Green Dot

In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, for a total transaction of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kent Lake Capital LLC purchased a new stake in Green Dot during the 1st quarter worth approximately $7,464,000. SG Capital Management LLC acquired a new stake in Green Dot in the first quarter valued at $4,254,000. American Century Companies Inc. boosted its stake in Green Dot by 79.0% during the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 142,377 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Green Dot by 24.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after acquiring an additional 104,829 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Green Dot by 33.3% during the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock worth $3,408,000 after acquiring an additional 84,894 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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.