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

Green Dot Co. (NYSE:GDOT) has received an average recommendation of “Hold” from the four research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.75.

A number of equities analysts have recently commented on GDOT shares. Barclays lifted their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. Craig Hallum lifted 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 Transactions at Green Dot

In other news, insider Topline Capital Management, Ll bought 36,671 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Topline Capital Partners, Lp purchased 135,123 shares of the business’s 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. Over the last quarter, insiders have purchased 334,037 shares of company stock worth $3,862,091. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 68,481 shares in the last quarter. Geode Capital Management LLC increased its stake in Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after acquiring an additional 101,008 shares during the period. State Street Corp raised its position in Green Dot by 5.6% in the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after purchasing an additional 133,200 shares in the last quarter. Martingale Asset Management L P lifted its stake in Green Dot by 3.7% during the third quarter. Martingale Asset Management L P now owns 93,596 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 3,300 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Green Dot by 13.2% during the third quarter. Public Sector Pension Investment Board now owns 114,003 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Up 1.5 %

Shares of GDOT stock opened at $11.00 on Friday. The stock’s 50 day simple moving average is $11.09 and its 200 day simple moving average is $10.55. Green Dot has a twelve month low of $7.70 and a twelve month high of $13.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $591.69 million, a price-to-earnings ratio of -10.48 and a beta of 0.90.

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.