Green Dot (NYSE:GDOT) Upgraded to “Outperform” at Northland Securities

Green Dot (NYSE:GDOT) was upgraded by equities research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a $12.00 target price on the financial services provider’s stock. Northland Securities’ price target would suggest a potential upside of 65.52% from the company’s current price.

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

Green Dot Stock Down 6.1 %

GDOT stock opened at $7.25 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 52 week low of $6.12 and a 52 week high of $13.58. The stock has a market capitalization of $393.17 million, a PE ratio of -6.90 and a beta of 0.87. 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

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Green Dot by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 1,292 shares in the last quarter. Swiss National Bank increased its holdings in shares of Green Dot by 2.5% during the 4th quarter. Swiss National Bank now owns 95,100 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 2,300 shares in the last quarter. Connors Investor Services Inc. lifted its stake in shares of Green Dot by 0.9% in the 4th quarter. Connors Investor Services Inc. now owns 275,001 shares of the financial services provider’s stock valued at $2,926,000 after purchasing an additional 2,516 shares during the period. Graham Capital Management L.P. lifted its stake in shares of Green Dot by 25.0% in the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,818 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Green Dot by 12.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock worth $288,000 after buying an additional 2,954 shares in the last quarter. Institutional investors and hedge funds 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.