Green Dot (NYSE:GDOT) Cut to “Sell” at StockNews.com

Green Dot (NYSE:GDOT) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Several other research firms have also recently commented on GDOT. Keefe, Bruyette & Woods reduced their target price on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. Truist Financial boosted their target price on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, TheStreet cut Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Stock Up 0.4 %

Green Dot stock opened at $8.21 on Tuesday. Green Dot has a 52 week low of $7.30 and a 52 week high of $21.37. The business has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $9.50. The stock has a market cap of $433.47 million, a price-to-earnings ratio of 63.12 and a beta of 1.04.

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

Insider Transactions at Green Dot

In other news, insider Principal Co Lp Starboard sold 75,729 shares of the company’s stock in a transaction dated 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 approximately $2,318,376.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Christian Devin Ruppel bought 33,000 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $9.06 per share, with a total value of $298,980.00. Following the purchase, the executive now owns 101,715 shares in the company, valued at approximately $921,537.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Principal Co Lp Starboard sold 75,729 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $8.58, for a total value of $649,754.82. Following the completion of the sale, the insider now directly owns 270,207 shares of the company’s stock, valued at approximately $2,318,376.06. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Green Dot

A number of hedge funds and other institutional investors have recently modified their holdings of GDOT. DGS Capital Management LLC bought a new position in Green Dot during the 1st quarter valued at approximately $139,000. Quadrature Capital Ltd raised its position in Green Dot by 111.7% during the 4th quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 33,068 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Green Dot by 60.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 237,123 shares of the financial services provider’s stock valued at $2,348,000 after purchasing an additional 88,907 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Green Dot by 17.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,984 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 6,362 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Green Dot during the 4th quarter valued at approximately $330,000. Institutional investors own 92.56% of the company’s stock.

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.