Green Dot Co. (NYSE:GDOT) Given Average Rating of “Moderate Buy” by Brokerages

Green Dot Co. (NYSE:GDOT) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.75.

A number of research firms have weighed in on GDOT. 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 research note on Friday, March 14th. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Wednesday, April 9th. Barclays cut their price target on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their target price on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $7.62 on Thursday. Green Dot has a 52 week low of $6.12 and a 52 week high of $13.58. The business has a fifty day simple moving average of $8.00 and a 200-day simple moving average of $9.63. 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 company has a market cap of $413.23 million, a P/E ratio of -7.26 and a beta of 0.87.

Institutional Trading of Green Dot

A number of large investors have recently modified their holdings of GDOT. Whipplewood Advisors LLC grew its stake in shares of Green Dot by 41,091.6% in the first quarter. Whipplewood Advisors LLC now owns 39,132 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 39,037 shares in the last quarter. GAMMA Investing LLC raised its holdings in Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock worth $48,000 after buying an additional 3,416 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Green Dot during the fourth quarter valued at approximately $2,048,000. Mackenzie Financial Corp acquired a new stake in Green Dot during the 4th quarter valued at $291,000. Finally, ProShare Advisors LLC lifted its stake in Green Dot by 45.8% in the 4th quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 5,089 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.