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

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

A number of equities research analysts have issued reports on GDOT shares. Barclays increased their price objective on shares of 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 lifted their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th.

Green Dot Stock Performance

GDOT opened at $10.43 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a 52-week low of $7.70 and a 52-week high of $13.58. The firm has a market cap of $561.03 million, a P/E ratio of -9.93 and a beta of 0.91. The business’s fifty day moving average is $11.46 and its 200-day moving average is $10.50.

Insider Activity at Green Dot

In other news, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average price of $12.49 per share, with a total value of $458,020.79. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 135,123 shares of the stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the acquisition, the insider now owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This represents a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 334,037 shares of company stock valued at $3,862,091. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Green Dot

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC raised its stake 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 acquiring an additional 1,214 shares during the last quarter. Point72 Asset Management L.P. raised its position 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 worth $200,000 after purchasing an additional 1,430 shares during the last quarter. SummerHaven Investment Management LLC raised its position 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 worth $375,000 after purchasing an additional 1,524 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,609 shares during the period. Finally, CWM LLC grew its position in shares of Green Dot by 39.2% in the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,691 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

About Green Dot

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.