Green Dot (NYSE:GDOT) Receives Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Green Dot (NYSE:GDOT) in a report published on Monday, Benzinga reports. They currently have a $11.00 price target on the financial services provider’s stock.

Separately, StockNews.com upgraded shares of Green Dot from a sell rating to a hold rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Green Dot has an average rating of Hold and an average target price of $10.75.

Green Dot Stock Performance

Shares of NYSE GDOT opened at $9.54 on Monday. The company has a market cap of $507.62 million, a P/E ratio of -20.09 and a beta of 0.96. The firm’s fifty day moving average is $9.65 and its two-hundred day moving average is $9.12. Green Dot has a 52-week low of $7.30 and a 52-week high of $20.30.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). The company had revenue of $447.42 million during the quarter, compared to the consensus estimate of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. As a group, analysts forecast that Green Dot will post 1.03 EPS for the current fiscal year.

Institutional Trading of Green Dot

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in shares of Green Dot by 162.0% in 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 last quarter. Headlands Technologies LLC boosted its stake in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,293 shares during the period. UMB Bank n.a. boosted its stake 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 during the period. Meeder Asset Management Inc. purchased a new position in shares of Green Dot during the 4th quarter worth about $53,000. Finally, CWM LLC boosted its stake in shares of Green Dot by 39.2% during the 2nd quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,691 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.