Green Dot (NYSE:GDOT) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a sell rating in a report released on Tuesday morning.

A number of other equities analysts have also issued reports on GDOT. Truist Financial upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a research report on Thursday, February 29th. Keefe, Bruyette & Woods decreased their price objective 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 downgraded Green Dot from a c- rating to a d rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $10.75.

Green Dot Price Performance

Shares of GDOT opened at $8.18 on Tuesday. The business’s 50 day simple moving average is $8.61 and its 200-day simple moving average is $9.51. Green Dot has a one year low of $7.30 and a one year high of $21.37. The company has a market capitalization of $431.89 million, a P/E ratio of 62.89 and a beta of 1.04.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. The company had revenue of $361.72 million for the quarter, compared to analyst estimates of $350.14 million. On average, sell-side analysts anticipate that Green Dot will post 0.88 EPS for the current fiscal year.

Insider Activity

In related news, CRO Christian Devin Ruppel acquired 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares in the company, valued at $921,537.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CRO Christian Devin Ruppel acquired 33,000 shares of Green Dot stock in a transaction that occurred on Monday, March 11th. The shares were acquired 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Principal Co Lp Starboard sold 150,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in shares of Green Dot by 2.4% during the 1st quarter. Citigroup Inc. now owns 57,892 shares of the financial services provider’s stock valued at $1,590,000 after purchasing an additional 1,351 shares in the last quarter. Bank of Montreal Can lifted its stake in Green Dot by 93.5% in the first quarter. Bank of Montreal Can now owns 30,069 shares of the financial services provider’s stock valued at $832,000 after buying an additional 14,530 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Green Dot by 56.2% in the first quarter. MetLife Investment Management LLC now owns 28,859 shares of the financial services provider’s stock valued at $793,000 after buying an additional 10,382 shares during the period. Rhumbline Advisers increased its position in shares of Green Dot by 1.1% during the first quarter. Rhumbline Advisers now owns 154,241 shares of the financial services provider’s stock worth $4,239,000 after acquiring an additional 1,728 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Green Dot by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,142 shares of the financial services provider’s stock worth $1,295,000 after acquiring an additional 5,812 shares during the period. 92.56% of the stock is currently owned by institutional investors.

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.