Green Dot Co. (NYSE:GDOT) Given Consensus Recommendation of “Hold” by Analysts

by · The Markets Daily

Green Dot Co. (NYSE:GDOT – Get Free Report) has been given an average rating of “Hold” by the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.75.

GDOT has been the subject of a number of recent analyst reports. Barclays upped their price objective on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. 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, October 4th.

Read Our Latest Stock Report on Green Dot

Insiders Place Their Bets

In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the stock in a transaction on Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of the purchase, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 2.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Topline Capital Management, Ll acquired 36,671 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 334,037 shares of company stock valued at $3,862,091 over the last three months. 1.10% of the stock is owned by company insiders.

Institutional Trading of Green Dot

Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. American Century Companies Inc. raised its position in shares of Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after acquiring an additional 142,377 shares during the period. State Street Corp boosted its position in Green Dot by 5.6% during the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after purchasing an additional 133,200 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Green Dot by 24.9% in 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 purchasing an additional 104,829 shares during the period. Geode Capital Management LLC increased its position in shares of Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after buying an additional 101,008 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Green Dot by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 544,166 shares of the financial services provider’s stock worth $5,142,000 after buying an additional 82,022 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $10.65 on Friday. The company has a market capitalization of $572.83 million, a P/E ratio of -10.14 and a beta of 0.90. Green Dot has a 1-year low of $7.70 and a 1-year high of $13.58. The firm’s 50 day simple moving average is $11.07 and its two-hundred day simple moving average is $10.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52.

Green Dot Company Profile

(Get Free Report

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.

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