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

Green Dot Co. (NYSE:GDOT) has been given an average recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.75.

Several research analysts have recently weighed in on GDOT shares. TheStreet downgraded shares of Green Dot from a “c-” rating to a “d” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com downgraded Green Dot from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Truist Financial upped their target price on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th.

Green Dot Trading Up 7.5 %

Shares of Green Dot stock opened at $9.93 on Friday. The company has a fifty day moving average price of $8.79 and a 200 day moving average price of $9.12. The stock has a market cap of $524.60 million, a price-to-earnings ratio of 76.39 and a beta of 1.03. Green Dot has a twelve month low of $7.30 and a twelve month high of $21.37.

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

Insider Activity at Green Dot

In other news, CRO Christian Devin Ruppel bought 33,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the transaction, the executive now owns 101,715 shares in the company, valued at $921,537.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Green Dot news, insider Principal Co Lp Starboard sold 75,729 shares of Green Dot stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $8.58, for a total value of $649,754.82. Following the completion of the transaction, the insider now directly owns 270,207 shares in the company, valued at $2,318,376.06. The sale was disclosed in a legal filing with the SEC, 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 bought at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the transaction, the executive now directly owns 101,715 shares in the company, valued at approximately $921,537.90. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC boosted its holdings in shares of Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,293 shares during the period. UMB Bank n.a. boosted its stake in 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 valued at $27,000 after purchasing an additional 1,415 shares during the period. Meeder Asset Management Inc. bought a new position in Green Dot in the 4th quarter worth about $53,000. Allspring Global Investments Holdings LLC increased its stake in shares of Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,074 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Green Dot by 65.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after buying an additional 2,434 shares during the last quarter. 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.