Green Dot’s (GDOT) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Green Dot (NYSE:GDOT) in a report issued on Monday morning, Benzinga reports. The firm currently has a $11.00 target price 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 research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Green Dot presently has a consensus rating of Hold and a consensus price target of $10.75.

Green Dot Trading Down 3.2 %

NYSE:GDOT opened at $9.20 on Monday. The stock has a fifty day simple moving average of $9.66 and a 200-day simple moving average of $9.12. The company has a market cap of $489.53 million, a price-to-earnings ratio of -19.81 and a beta of 0.96. Green Dot has a twelve month low of $7.30 and a twelve month high of $20.69.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). The firm had revenue of $447.42 million for the quarter, compared to analysts’ expectations 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, equities research analysts predict that Green Dot will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Green Dot

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in 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 period. Headlands Technologies LLC increased its stake in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,293 shares during the period. UMB Bank n.a. raised its holdings in shares of Green Dot by 98.3% during the first 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 last quarter. Meeder Asset Management Inc. acquired a new position in Green Dot during the fourth quarter valued at $53,000. Finally, CWM LLC boosted its holdings in Green Dot by 39.2% in the second quarter. CWM LLC now owns 6,006 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 1,691 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile

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.