Green Dot Co. (NYSE:GDOT) Given Average Rating of "Moderate Buy" by Analysts

Shares of Green Dot Co. (NYSE:GDOT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.75.

GDOT has been the subject of a number of recent research reports. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research note on Friday, March 14th. Barclays cut 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. Keefe, Bruyette & Woods decreased their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Finally, Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Wednesday, April 9th.

Institutional Trading of Green Dot

Several large investors have recently modified their holdings of GDOT. Topline Capital Management LLC bought a new position in Green Dot in the 4th quarter worth $57,209,000. Walmart Inc. bought a new position in Green Dot in the fourth quarter worth about $10,374,000. Prudential Financial Inc. lifted its holdings in Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock worth $7,032,000 after buying an additional 380,692 shares during the period. Dimensional Fund Advisors LP boosted its position in Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after acquiring an additional 363,831 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Green Dot by 42.5% during the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after acquiring an additional 310,492 shares during the period. 92.56% of the stock is owned by institutional investors.

Green Dot Price Performance

Green Dot stock opened at $8.23 on Monday. The business's 50 day simple moving average is $7.67 and its 200 day simple moving average is $9.30. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58. The company has a market cap of $446.31 million, a price-to-earnings ratio of -7.84 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.

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