Green Dot Co. (NYSE:GDOT) Receives $10.75 Average PT from Brokerages

Shares of Green Dot Co. (NYSE:GDOT) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation 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.

Several equities research analysts recently weighed in on GDOT shares. 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 note on Thursday, February 29th. Keefe, Bruyette & Woods decreased their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. TheStreet downgraded shares of Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Finally, StockNews.com downgraded Green Dot from a “hold” rating to a “sell” rating in a research note on Thursday.

Insider Buying and Selling at Green Dot

In related news, insider Principal Co Lp Starboard sold 150,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 276,595 shares in the company, valued at approximately $2,259,781.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Green Dot news, insider Principal Co Lp Starboard sold 150,000 shares of the company’s stock in a transaction 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 owns 276,595 shares in the company, valued at approximately $2,259,781.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Christian Devin Ruppel purchased 33,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were acquired at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the transaction, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GDOT. UMB Bank n.a. grew its holdings in shares of Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,415 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Green Dot in the fourth quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC lifted its stake in Green Dot by 39.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,074 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Green Dot by 65.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 2,434 shares in the last quarter. Finally, Olympiad Research LP bought a new position in shares of Green Dot in the 4th quarter valued at $119,000. 92.56% of the stock is owned by institutional investors.

Green Dot Stock Down 1.1 %

Shares of Green Dot stock opened at $9.22 on Friday. The firm has a market cap of $487.09 million, a PE ratio of 70.93 and a beta of 1.03. Green Dot has a 52 week low of $7.30 and a 52 week high of $21.37. The business’s fifty day simple moving average is $8.71 and its 200-day simple moving average is $9.15.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. The business had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. As a group, equities analysts expect that Green Dot will post 0.9 earnings per share for the current year.

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.