Green Dot Corporation (GDOT) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Green Dot, with three holds, one sell and one buy. The average 12-month price target is $16.12, above the reported share price of $12.10.
• Green Dot’s latest quarterly revenue of $591.29 million exceeded estimates, but adjusted earnings of $0.26 per share fell short of the $0.37 consensus forecast. Analysts expect full-year earnings of approximately $1.32 per share.
• Institutional investors own 92.56% of the stock, with several major investors increasing or initiating positions, including Dimensional Fund Advisors, Newtyn Management and Walmart.

Green Dot Corporation (NYSE:GDOT - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.12.

A number of research analysts recently issued reports on GDOT shares. Weiss Ratings restated a "sell (d-)" rating on shares of Green Dot in a report on Thursday. Zacks Research upgraded shares of Green Dot from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 13th.

Green Dot Trading Down 0.8%

NYSE:GDOT opened at $12.10 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.07. Green Dot has a 1-year low of $10.10 and a 1-year high of $13.75. The firm has a market capitalization of $689.75 million, a price-to-earnings ratio of -23.73 and a beta of 0.83. The business's 50-day moving average price is $12.99 and its two-hundred day moving average price is $12.84.

Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. The company had revenue of $591.29 million for the quarter, compared to analyst estimates of $541.16 million. On average, equities analysts expect that Green Dot will post 1.32 earnings per share for the current year.

Institutional Trading of Green Dot

A number of large investors have recently made changes to their positions in GDOT. Dimensional Fund Advisors LP lifted its holdings in shares of Green Dot by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider's stock valued at $34,322,000 after purchasing an additional 222,293 shares in the last quarter. Newtyn Management LLC grew its position in shares of Green Dot by 743.7% in the 2nd quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider's stock valued at $16,255,000 after purchasing an additional 1,060,598 shares during the period. Walmart Inc. acquired a new position in shares of Green Dot in the 2nd quarter valued at approximately $13,172,000. M3F Inc. acquired a new position in shares of Green Dot in the 1st quarter valued at approximately $8,402,000. Finally, Assenagon Asset Management S.A. increased its stake in Green Dot by 747.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 474,968 shares of the financial services provider's stock worth $5,329,000 after purchasing an additional 418,906 shares in the last quarter. Institutional investors own 92.56% of the company's stock.

Green Dot Company Profile

Green Dot Corporation is a financial technology and bank holding company that provides digital banking, prepaid debit card, payment processing and money-movement services in the United States. Through its subsidiary, Green Dot Bank, the company offers FDIC-insured banking products and supports consumers who may be underserved by traditional financial institutions.

The company's products include checking accounts, debit cards, direct-deposit services, cash deposits, bill payment, mobile banking tools and tax-related financial services.

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