Green Dot (NYSE:GDOT) Stock Rating Upgraded by Northland Capmk

Green Dot (NYSE:GDOT) was upgraded by research analysts at Northland Capmk from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

GDOT has been the subject of several other reports. Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Wednesday. Barclays reduced their price target on Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Finally, Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

Green Dot Stock Performance

Shares of NYSE GDOT opened at $7.25 on Wednesday. Green Dot has a 12-month low of $6.12 and a 12-month high of $13.58. The firm has a market capitalization of $393.17 million, a price-to-earnings ratio of -6.90 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $9.70.

Hedge Funds Weigh In On Green Dot

Several hedge funds have recently modified their holdings of GDOT. Meeder Asset Management Inc. purchased a new position in Green Dot during the 4th quarter valued at approximately $44,000. GAMMA Investing LLC lifted its holdings in shares of Green Dot by 152.0% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 3,416 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Green Dot in the fourth quarter worth about $84,000. Caxton Associates LP bought a new stake in Green Dot during the fourth quarter worth approximately $121,000. Finally, New York State Common Retirement Fund increased its position in shares of Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 4,600 shares during the last quarter. Hedge funds and other 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.