Green Dot Corporation (NYSE:GDOT) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts broadly remain cautious on Green Dot: five analysts assign a consensus “Reduce” rating, including two sells, two holds and one buy. The average 12-month price target is $16.13 versus the stock’s $13.36 opening price.
• Institutional ownership is high at 92.56%. Several investors recently initiated or increased positions, including Tower Research Capital and OLD National Bancorp.
• Green Dot’s latest quarterly results were mixed: revenue of $591.29 million exceeded expectations, but earnings of $0.26 per share missed the $0.37 consensus estimate. Analysts expect full-year EPS of $1.32.

Green Dot Corporation (NYSE:GDOT - Get Free Report) has received an average recommendation of "Reduce" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.1250.

Several research firms have weighed in on GDOT. 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 note on Friday, August 21st.

Institutional Trading of Green Dot

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Green Dot in the second quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in Green Dot during the 4th quarter worth about $66,000. Tower Research Capital LLC TRC raised its position in Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 1,221 shares in the last quarter. Caxton Associates LLP acquired a new stake in Green Dot in the 1st quarter valued at about $96,000. Finally, OLD National Bancorp IN raised its position in Green Dot by 17.6% in the 1st quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 1,763 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.

Green Dot Stock Up 0.1%

Shares of NYSE GDOT opened at $13.36 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $13.34 and its two-hundred day moving average is $12.51. Green Dot has a 52-week low of $10.10 and a 52-week high of $15.41. The firm has a market cap of $761.39 million, a price-to-earnings ratio of -26.20 and a beta of 0.84.

Green Dot (NYSE:GDOT - Get Free Report) last released 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 firm had revenue of $591.29 million for the quarter, compared to analysts' expectations of $541.16 million. Research analysts predict that Green Dot will post 1.32 EPS for the current year.

About Green Dot

Green Dot Corporation NYSE: GDOT is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.

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