Green Dot Co. (NYSE:GDOT) Receives $10.75 Average Target Price from Analysts

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

Several brokerages recently commented on GDOT. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Craig Hallum upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Friday, October 4th.

Insider Activity at Green Dot

In other news, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was acquired at an average price of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of 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 2.71 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 334,037 shares of company stock valued at $3,862,091. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Green Dot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. nVerses Capital LLC purchased a new stake in shares of Green Dot in the 2nd quarter valued at approximately $25,000. Nisa Investment Advisors LLC raised its position in 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 valued at $25,000 after purchasing an additional 1,609 shares during the period. Quarry LP acquired a new position in Green Dot during the second quarter worth $32,000. Headlands Technologies LLC lifted its stake in Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Torno Capital LLC purchased a new position in shares of Green Dot during the second quarter worth $38,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Price Performance

NYSE:GDOT opened at $10.65 on Friday. The stock has a 50 day moving average of $11.07 and a two-hundred day moving average of $10.58. Green Dot has a 12 month low of $7.70 and a 12 month high of $13.58. The firm has a market cap of $572.83 million, a P/E ratio of -10.14 and a beta of 0.90. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.