Green Dot Co. (NYSE:GDOT) Receives $11.50 Consensus Target Price from Analysts

Shares of Green Dot Co. (NYSE:GDOT) have been assigned an average recommendation of “Hold” from the four brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.75.

Several brokerages recently weighed in on GDOT. Craig Hallum upped their price target on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. Finally, Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd.

Insider Transactions at Green Dot

In related news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the purchase, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the purchase, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Several institutional investors have recently modified their holdings of GDOT. Kent Lake Capital LLC purchased a new stake in shares of Green Dot during the first quarter valued at $7,464,000. SG Capital Management LLC purchased a new stake in shares of Green Dot during the first quarter valued at $4,254,000. American Century Companies Inc. boosted its position in shares of Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after buying an additional 142,377 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Green Dot by 24.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Green Dot by 33.3% in the fourth quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock valued at $3,408,000 after acquiring an additional 84,894 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Up 3.3 %

Shares of Green Dot stock opened at $11.02 on Monday. The company has a market cap of $586.37 million, a PE ratio of -23.45 and a beta of 0.92. The business has a 50 day moving average of $10.86 and a 200 day moving average of $9.87. Green Dot has a 52 week low of $7.30 and a 52 week high of $13.54.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company 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 for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. On average, research analysts anticipate that Green Dot will post 1 earnings per share 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.