Green Dot (NYSE:GDOT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Green Dot (NYSE:GDOT) from a sell rating to a hold rating in a report issued on Wednesday morning.

A number of other analysts have also issued reports on the company. Truist Financial boosted their target price on Green Dot from $10.00 to $11.00 and gave the company a buy rating in a research report on Thursday, February 29th. Keefe, Bruyette & Woods cut their target price on Green Dot from $12.50 to $11.00 and set a market perform rating on the stock in a research report on Friday, April 5th. Finally, TheStreet lowered Green Dot from a c- rating to a d rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $10.75.

Green Dot Stock Performance

GDOT stock opened at $8.98 on Wednesday. The firm has a market cap of $474.41 million, a PE ratio of 68.85 and a beta of 1.04. The firm’s 50 day moving average price is $8.61 and its 200-day moving average price is $9.34. Green Dot has a one year low of $7.30 and a one year high of $21.37.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $361.72 million for the quarter, compared to analyst estimates of $350.14 million. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. Equities research analysts predict that Green Dot will post 0.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares in the company, valued at approximately $921,537.90. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, insider Principal Co Lp Starboard sold 150,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares in the company, valued at $2,259,781.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO Christian Devin Ruppel acquired 33,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was bought at an average price of $9.06 per share, with a total value of $298,980.00. Following the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Green Dot

Several large investors have recently bought and sold shares of GDOT. Meeder Asset Management Inc. acquired a new position in Green Dot in the fourth quarter valued at $53,000. Allspring Global Investments Holdings LLC boosted its stake in Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 2,074 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Green Dot by 65.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 2,434 shares in the last quarter. Olympiad Research LP acquired a new position in Green Dot in the fourth quarter valued at $119,000. Finally, Journey Strategic Wealth LLC acquired a new position in Green Dot in the fourth quarter valued at $128,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.