Analysts Set Green Dot Co. (NYSE:GDOT) PT at $11.50

Green Dot Co. (NYSE:GDOT - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued 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 updated their coverage on the stock in the last year is $11.50.

A number of equities analysts have issued reports on GDOT shares. Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a report on Friday, March 14th. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a report on Friday. Barclays boosted their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Finally, Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price target for the company in a research report on Wednesday, April 9th.

Insider Buying and Selling

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the company's 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 completion of the sale, the insider now directly owns 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Green Dot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in shares of Green Dot by 5.1% during the fourth quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider's stock valued at $1,974,000 after purchasing an additional 9,044 shares during the last quarter. Principal Financial Group Inc. increased its stake in Green Dot by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock worth $2,775,000 after acquiring an additional 7,642 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock valued at $127,000 after buying an additional 4,600 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Green Dot by 12.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock worth $288,000 after buying an additional 2,954 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Green Dot during the fourth quarter valued at approximately $294,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Price Performance

Shares of Green Dot stock traded up $0.43 during midday trading on Friday, hitting $10.70. 657,537 shares of the company traded hands, compared to its average volume of 652,883. The firm's fifty day moving average price is $8.64 and its 200-day moving average price is $8.97. The stock has a market cap of $587.50 million, a price-to-earnings ratio of -10.19 and a beta of 0.73. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58. 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 (NYSE:GDOT - Get Free Report) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.36. The firm had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The company's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. As a group, sell-side 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.