Analysts Set Green Dot Corporation (NYSE:GDOT) PT at $16.12

Shares of Green Dot Corporation (NYSE:GDOT) have received a consensus rating of “Reduce” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.1250.

A number of research analysts have recently weighed in on GDOT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. Zacks Research downgraded Green Dot from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st.

Green Dot Stock Performance

Shares of GDOT opened at $13.38 on Monday. The company’s fifty day moving average is $13.35 and its 200-day moving average is $12.56. Green Dot has a 12 month low of $10.10 and a 12 month high of $15.41. The firm has a market cap of $762.53 million, a price-to-earnings ratio of -26.24 and a beta of 0.82. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). The firm had revenue of $591.29 million during the quarter, compared to analyst estimates of $541.16 million. Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. Equities analysts expect that Green Dot will post 1.32 EPS for the current fiscal year.

Institutional Trading of Green Dot

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new position in Green Dot during the 2nd quarter valued at about $26,000. Summit Securities Group LLC purchased a new stake in shares of Green Dot in the fourth quarter worth approximately $66,000. Tower Research Capital LLC TRC lifted its holdings in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Green Dot by 252.2% in the second quarter. California State Teachers Retirement System now owns 10,227 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 7,323 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Green Dot during the first quarter valued at approximately $96,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.