Barclays Lowers Green Dot (NYSE:GDOT) Price Target to $7.00

Green Dot (NYSE:GDOT) had its price target reduced by Barclays from $10.00 to $7.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods reduced their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday.

Green Dot Stock Performance

Shares of GDOT stock opened at $6.72 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $9.28 and a two-hundred day moving average of $10.51. The company has a market cap of $361.45 million, a P/E ratio of -6.40 and a beta of 0.90. Green Dot has a 52 week low of $6.65 and a 52 week high of $13.58.

Insider Transactions at Green Dot

In related news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the sale, the insider now owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Topline Capital Management, Ll sold 380,611 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $10.44, for a total value of $3,973,578.84. Following the sale, the insider now directly owns 5,708,126 shares in the company, valued at approximately $59,592,835.44. The trade was a 6.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 959,180 shares of company stock worth $10,071,696. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC bought a new stake in Green Dot during the fourth quarter worth approximately $57,209,000. Vanguard Group Inc. increased its holdings in shares of Green Dot by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider’s stock valued at $38,141,000 after buying an additional 71,534 shares in the last quarter. State Street Corp increased its holdings in shares of Green Dot by 5.6% in the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after buying an additional 133,200 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock valued at $22,496,000 after buying an additional 363,831 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider’s stock valued at $13,173,000 after buying an additional 14,771 shares in the last quarter. 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.