Green Dot Corporation (NYSE:GDOT) Stock Has Average Price Target of $16.12 According to Analysts

Shares of Green Dot Corporation (NYSE:GDOT) have been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.12.

A number of research firms have weighed in on GDOT. Zacks Research raised shares of Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Thursday, October 15th.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently modified their holdings of the business. Abel Hall LLC acquired a new position in shares of Green Dot in the third quarter worth approximately $125,000. Engineers Gate Manager LP boosted its stake in shares of Green Dot by 81.3% in the 2nd quarter. Engineers Gate Manager LP now owns 77,256 shares of the financial services provider’s stock valued at $1,044,000 after purchasing an additional 34,637 shares during the last quarter. Newtyn Management LLC boosted its stake in shares of Green Dot by 743.7% in the 2nd quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider’s stock valued at $16,255,000 after purchasing an additional 1,060,598 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Green Dot during the second quarter worth $26,000. Finally, Walmart Inc. acquired a new stake in shares of Green Dot during the second quarter worth $13,172,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Trading Up 1.7%

Shares of GDOT opened at $12.41 on Tuesday. Green Dot has a 52-week low of $10.10 and a 52-week high of $13.75. The business’s fifty day moving average is $12.92 and its 200-day moving average is $12.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $707.19 million, a price-to-earnings ratio of -24.33 and a beta of 0.83.

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

About Green Dot

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.