Craig Hallum Raises Green Dot (NYSE:GDOT) Price Target to $11.00

Green Dot (NYSE:GDOT) had its price objective hoisted by Craig Hallum from $10.00 to $11.00 in a report released on Friday morning, Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Barclays raised their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an underweight rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Green Dot presently has a consensus rating of Hold and an average price target of $10.75.

Green Dot Stock Performance

NYSE GDOT opened at $11.02 on Friday. The company’s 50 day moving average price is $10.86 and its 200 day moving average price is $9.87. Green Dot has a one year low of $7.30 and a one year high of $13.54. The firm has a market capitalization of $586.37 million, a price-to-earnings ratio of -23.45 and a beta of 0.92.

Green Dot (NYSE:GDOT) last issued 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. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Sell-side analysts forecast that Green Dot will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average price 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 of the company’s stock, valued at $73,091,483.55. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Green Dot news, 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 purchased at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the acquisition, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. 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 Trading of Green Dot

Several hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC raised its holdings in shares of Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,214 shares during the last quarter. UMB Bank n.a. increased its position in Green Dot by 98.3% in the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,415 shares during the period. Point72 Asset Management L.P. raised its stake in Green Dot by 7.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,430 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Green Dot by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,609 shares in the last quarter. 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.