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

Green Dot Co. (NYSE:GDOT) has been assigned a consensus rating of “Hold” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.75.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd.

Green Dot Stock Performance

Green Dot stock opened at $11.07 on Thursday. The business’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $9.49. The firm has a market capitalization of $589.03 million, a PE ratio of -23.55 and a beta of 0.91. Green Dot has a 52 week low of $7.30 and a 52 week high of $14.83.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts forecast that Green Dot will post 1 earnings per share for the current year.

Institutional Investors Weigh In On Green Dot

A number of institutional investors have recently added to or reduced their stakes in GDOT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Green Dot by 32.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,772 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 3,581 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Green Dot by 218.1% during the fourth quarter. New York State Common Retirement Fund now owns 63,570 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 43,584 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Green Dot by 142.0% during the fourth quarter. Russell Investments Group Ltd. now owns 70,717 shares of the financial services provider’s stock valued at $700,000 after purchasing an additional 41,498 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Green Dot by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock valued at $7,416,000 after purchasing an additional 81,846 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC boosted its holdings in Green Dot by 44.0% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 23,991 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 7,333 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

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.