Green Dot (NYSE:GDOT) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Green Dot (NYSE:GDOT) from a hold rating to a sell rating in a report published on Saturday morning.

A number of other research analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. Northland Securities set a $14.25 price objective on shares of Green Dot and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $12.08.

Green Dot Price Performance

Shares of GDOT stock opened at $10.62 on Friday. Green Dot has a fifty-two week low of $6.59 and a fifty-two week high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $588.45 million, a price-to-earnings ratio of -12.49 and a beta of 0.82. The stock’s 50-day simple moving average is $11.96 and its 200-day simple moving average is $12.54.

Institutional Trading of Green Dot

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in Green Dot in the third quarter valued at approximately $29,000. Virtus Advisers LLC acquired a new stake in shares of Green Dot during the 2nd quarter worth approximately $33,000. Summit Securities Group LLC acquired a new stake in shares of Green Dot during the 4th quarter worth approximately $66,000. Ameritas Investment Partners Inc. increased its holdings in shares of Green Dot by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 861 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Green Dot by 23.1% in the 2nd 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 during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile

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.