Green Dot Co. (NYSE:GDOT) Receives Consensus Rating of "Moderate Buy" from Analysts

Green Dot Co. (NYSE:GDOT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.50.

GDOT has been the subject of a number of analyst reports. Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday. Northland Securities raised shares of 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. 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th.

Insider Transactions at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now directly owns 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GDOT. Brooklyn Investment Group raised its holdings in Green Dot by 350,400.0% in the first quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider's stock valued at $30,000 after buying an additional 3,504 shares during the period. Meeder Asset Management Inc. purchased a new position in Green Dot in the fourth quarter valued at approximately $44,000. GAMMA Investing LLC raised its holdings in Green Dot by 152.0% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after buying an additional 3,416 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Green Dot in the fourth quarter valued at approximately $84,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Green Dot in the first quarter valued at approximately $96,000. Hedge funds and other institutional investors own 92.56% of the company's stock.

Green Dot Stock Up 3.7%

Shares of Green Dot stock opened at $9.58 on Friday. The company has a market cap of $525.58 million, a P/E ratio of -9.12 and a beta of 0.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a one year low of $6.12 and a one year high of $13.58. The firm has a fifty day moving average of $8.56 and a two-hundred day moving average of $8.97.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. Green Dot's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, analysts forecast that Green Dot will post 0.87 earnings per share for the current year.

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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