Green Dot Co. (NYSE:GDOT) Receives $10.75 Consensus PT from Analysts

Green Dot Co. (NYSE:GDOT) has been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.75.

A number of equities research analysts recently commented on the stock. TheStreet cut shares of Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. StockNews.com lowered Green Dot from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial raised their price target on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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.

Insider Buying and Selling at Green Dot

In related news, CRO Christian Devin Ruppel acquired 33,000 shares of Green Dot stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the purchase, the executive now owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares in the company, valued at approximately $2,259,781.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Christian Devin Ruppel acquired 33,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the acquisition, the executive now owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Green Dot

Several institutional investors have recently modified their holdings of GDOT. Wellington Management Group LLP acquired a new position in shares of Green Dot during the third quarter valued at approximately $7,869,000. Assenagon Asset Management S.A. boosted its position in Green Dot by 360.7% during the third quarter. Assenagon Asset Management S.A. now owns 777,929 shares of the financial services provider’s stock worth $10,837,000 after acquiring an additional 609,084 shares during the last quarter. Hsbc Holdings PLC grew its stake in Green Dot by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,179 shares of the financial services provider’s stock valued at $3,557,000 after acquiring an additional 2,933 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in Green Dot by 54.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock valued at $5,914,000 after acquiring an additional 209,818 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Green Dot by 438.7% during the 3rd quarter. Strs Ohio now owns 16,700 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 13,600 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Down 1.1 %

Green Dot stock opened at $9.22 on Friday. The firm has a market cap of $487.09 million, a P/E ratio of 70.93 and a beta of 1.03. The business has a fifty day moving average of $8.71 and a two-hundred day moving average of $9.15. Green Dot has a twelve month low of $7.30 and a twelve month high of $21.37.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The company 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%. Equities analysts expect that Green Dot will post 0.9 earnings per share for the current year.

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.