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

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

GDOT has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. StockNews.com upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

Green Dot Stock Up 2.6 %

Shares of NYSE:GDOT opened at $10.94 on Friday. Green Dot has a fifty-two week low of $7.30 and a fifty-two week high of $15.90. The firm’s 50-day simple moving average is $9.53 and its 200-day simple moving average is $9.17. The company has a market cap of $582.12 million, a price-to-earnings ratio of -23.28 and a beta of 0.96.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. On average, research analysts forecast that Green Dot will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Kent Lake Capital LLC purchased a new stake in shares of Green Dot in the first quarter worth about $7,464,000. SG Capital Management LLC purchased a new position in Green Dot in the 1st quarter worth approximately $4,254,000. American Century Companies Inc. grew its position in 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 valued at $3,049,000 after acquiring an additional 142,377 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake 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 purchasing an additional 104,829 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Green Dot by 11.7% during the first quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after purchasing an additional 97,040 shares in the last quarter. Hedge funds and other institutional investors 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.