Green Dot Corporation (NYSE:GDOT) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Green Dot Corporation (NYSE:GDOT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $11.50.

GDOT has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Northland Securities raised 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. Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a report on Friday, March 14th. Finally, Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th.

Green Dot Trading Down 1.2%

Shares of NYSE:GDOT traded down $0.14 on Wednesday, hitting $11.13. The company had a trading volume of 198,995 shares, compared to its average volume of 660,568. Green Dot has a 1 year low of $6.12 and a 1 year high of $13.58. The firm has a market capitalization of $610.93 million, a price-to-earnings ratio of -85.61 and a beta of 0.76. The firm's 50-day simple moving average is $9.69 and its two-hundred day simple moving average is $8.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.36. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The company had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same period last year, the company posted $0.59 EPS. Green Dot's revenue was up 23.6% on a year-over-year basis. Equities analysts anticipate that Green Dot will post 0.87 earnings per share for the current fiscal year.

Insider Transactions at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of Green Dot stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the transaction, the insider directly owned 253,139 shares of the company's stock, valued at approximately $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company's stock.

Institutional Trading of Green Dot

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after acquiring an additional 363,831 shares during the period. Walmart Inc. bought a new stake in Green Dot during the fourth quarter valued at approximately $10,374,000. Wellington Management Group LLP bought a new stake in Green Dot during the fourth quarter valued at approximately $2,048,000. ProShare Advisors LLC grew its position in Green Dot by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock valued at $172,000 after buying an additional 5,089 shares during the period. Finally, Principal Financial Group Inc. grew its position in Green Dot by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock valued at $2,775,000 after buying an additional 7,642 shares during the period. 92.56% of the stock is currently owned by institutional investors.

About Green Dot

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.