Green Dot Co. (NYSE:GDOT) Receives $10.75 Average Target Price from Brokerages

Shares of Green Dot Co. (NYSE:GDOT) have been given a consensus rating of “Hold” by the four analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued 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.

GDOT has been the topic of several recent analyst reports. Craig Hallum boosted their target price on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd.

Green Dot Stock Down 0.5 %

GDOT opened at $11.44 on Friday. The business has a 50 day moving average price of $11.36 and a two-hundred day moving average price of $10.14. The company has a market cap of $608.72 million, a PE ratio of -24.34 and a beta of 0.92. Green Dot has a 52 week low of $7.30 and a 52 week high of $12.99.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 EPS. As a group, sell-side analysts expect that Green Dot will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the stock in a transaction on Tuesday, September 24th. The shares were purchased 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 in the company, valued at $73,091,483.55. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Topline Capital Management, Ll bought 36,671 shares of the stock in a transaction 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 acquisition, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the stock in a transaction on Tuesday, September 24th. The shares were bought 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 in the company, valued at $73,091,483.55. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in shares of Green Dot during the 2nd quarter worth $25,000. Nisa Investment Advisors LLC lifted its stake in shares of 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 worth $25,000 after purchasing an additional 1,609 shares during the period. Headlands Technologies LLC lifted its stake in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,293 shares during the period. Quarry LP purchased a new position in shares of Green Dot during the 2nd quarter worth $32,000. Finally, Torno Capital LLC purchased a new position in shares of Green Dot during the 2nd quarter worth $38,000. Hedge funds and other institutional investors 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.