Green Dot Corporation (NYSE:GDOT) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Green Dot received a consensus “Reduce” rating from five brokerages: two sell ratings, two holds and one buy. The average 12-month price target is $16.12, compared with the reported share price of $12.77.
• Institutional ownership is substantial at 92.56%, with several investors increasing their stakes; Dimensional Fund Advisors, CenterBook Partners and Newtyn Management all expanded their positions, while Walmart acquired a new stake.
• Green Dot’s latest quarterly results were mixed: revenue of $591.29 million exceeded expectations, but earnings of $0.26 per share fell short of the $0.37 consensus estimate. Analysts expect full-year earnings of $1.32 per share.

Green Dot Corporation (NYSE:GDOT - Get Free Report) has been given a consensus rating of "Reduce" by the five research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.12.

A number of equities analysts have recently issued reports on GDOT shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Green Dot in a research report on Friday, July 17th. Zacks Research lowered shares of Green Dot from a "hold" rating to a "strong sell" rating in a research report on Friday, August 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Green Dot by 7.8% in 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 during the last quarter. CenterBook Partners LP grew its holdings in shares of Green Dot by 406.7% during the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider's stock worth $15,797,000 after buying an additional 989,823 shares in the last quarter. Newtyn Management LLC lifted its stake in shares of Green Dot by 743.7% in the second quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider's stock worth $16,255,000 after buying an additional 1,060,598 shares in the last quarter. Walmart Inc. acquired a new position in Green Dot during the second quarter worth about $13,172,000. Finally, M3F Inc. purchased a new stake in Green Dot during the 1st quarter valued at about $8,402,000. Hedge funds and other institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

GDOT stock opened at $12.77 on Friday. The stock has a market cap of $727.82 million, a PE ratio of -25.04 and a beta of 0.82. The company has a 50-day moving average price of $13.29 and a 200 day moving average price of $12.69. Green Dot has a 12 month low of $10.10 and a 12 month high of $14.77. 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 (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 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 during the quarter, compared to analysts' expectations of $541.16 million. Equities research analysts anticipate that Green Dot will post 1.32 earnings per share for the current year.

Green Dot Company Profile

Green Dot Corporation NYSE: GDOT is a financial technology and bank holding company that provides digital banking, payment and financial services to consumers and businesses in the United States. Through its subsidiaries, including Green Dot Bank, the company offers checking and savings accounts, prepaid debit cards, mobile banking tools, direct deposit services and money-transfer products.

Green Dot markets products under its own brands, including GO2bank, and provides program management and banking services for business partners.

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