Green Dot (NYSE:GDOT) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Green Dot (NYSE:GDOT) from a sell rating to a hold rating in a report published on Wednesday morning.

Several other analysts have also issued reports on the company. Truist Financial boosted their price target on Green Dot from $10.00 to $11.00 and gave the company a buy rating in a report on Thursday, February 29th. Keefe, Bruyette & Woods cut their price target on Green Dot from $12.50 to $11.00 and set a market perform rating for the company in a report on Friday, April 5th. Finally, TheStreet lowered Green Dot from a c- rating to a d rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Green Dot presently has an average rating of Hold and an average price target of $10.75.

Green Dot Price Performance

Shares of GDOT opened at $8.98 on Wednesday. Green Dot has a one year low of $7.30 and a one year high of $21.37. The firm has a market capitalization of $474.41 million, a P/E ratio of 68.85 and a beta of 1.04. The business has a fifty day moving average of $8.61 and a 200 day moving average of $9.34.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data 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 company had revenue of $361.72 million during the quarter, compared to analyst estimates of $350.14 million. Analysts expect that Green Dot will post 0.9 EPS for the current fiscal year.

Insider Transactions at Green Dot

In related news, insider Principal Co Lp Starboard sold 75,729 shares of the business’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 sale, the insider now directly owns 270,207 shares in the company, valued at $2,318,376.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CRO Christian Devin Ruppel bought 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the transaction, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The purchase 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 stock was 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 owns 270,207 shares in the company, valued at $2,318,376.06. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Green Dot

A number of hedge funds have recently made changes to their positions in GDOT. Meeder Asset Management Inc. purchased a new stake in Green Dot during the fourth quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC raised its position in Green Dot by 39.3% during 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. PNC Financial Services Group Inc. raised its position in 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 purchasing an additional 2,434 shares during the period. Olympiad Research LP purchased a new stake in Green Dot during the fourth quarter valued at approximately $119,000. Finally, Journey Strategic Wealth LLC purchased a new stake in Green Dot during the fourth quarter valued at approximately $128,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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.