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

Shares of Green Dot Co. (NYSE:GDOT) have been assigned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $10.75.

Several equities analysts have recently commented on GDOT shares. Truist Financial upped their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Keefe, Bruyette & Woods dropped their price target on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. TheStreet lowered shares of Green Dot from a “c-” rating to a “d” rating in a report on Thursday, February 1st. Finally, StockNews.com lowered Green Dot from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd.

Insider Activity at Green Dot

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was bought at an average price of $9.06 per share, with a total value of $298,980.00. Following the transaction, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Green Dot news, CRO Christian Devin Ruppel bought 33,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the transaction, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Principal Co Lp Starboard sold 150,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Green Dot in the 3rd quarter valued at $363,000. Exchange Traded Concepts LLC purchased a new stake in shares of Green Dot in the third quarter valued at about $364,000. Bailard Inc. acquired a new stake in shares of Green Dot during the third quarter worth about $547,000. New York State Teachers Retirement System grew its holdings in shares of Green Dot by 5.5% during the third quarter. New York State Teachers Retirement System now owns 63,115 shares of the financial services provider’s stock worth $879,000 after buying an additional 3,281 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Green Dot by 46.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,191 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,539 shares during the period. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Up 7.5 %

NYSE GDOT opened at $9.93 on Friday. Green Dot has a 52 week low of $7.30 and a 52 week high of $21.37. The business’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $9.12. The firm has a market cap of $524.60 million, a PE ratio of 76.39 and a beta of 1.03.

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

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.