Green Dot Corporation (NYSE:GDOT) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Analysts give Green Dot a consensus rating of "Reduce" from seven firms (2 sell, 4 hold, 1 buy) with an average 1‑year price target of about $12.56.
• Institutional investors own roughly 92.56% of the stock, and several funds recently increased or established large positions (e.g., Topline Capital, No Street GP LP, Steel Partners, Western Standard, Dimensional).
• Shares opened around $11.62, trading inside a 52‑week range of $6.12–$15.41, with a market cap near $644 million and a negative trailing P/E (−13.67), reflecting current unprofitability.

Shares of Green Dot Corporation (NYSE:GDOT - Get Free Report) have received a consensus rating of "Reduce" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.5625.

A number of research firms have issued reports on GDOT. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Green Dot in a report on Thursday, January 22nd. Wall Street Zen lowered Green Dot from a "buy" rating to a "hold" rating in a report on Saturday, November 15th. Northland Securities set a $14.25 price objective on shares of Green Dot and gave the stock a "market perform" rating in a research note on Tuesday, November 25th. Finally, William Blair restated a "market perform" rating on shares of Green Dot in a research note on Tuesday, November 11th.

Institutional Trading of Green Dot

Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Topline Capital Management LLC raised its position in shares of Green Dot by 7.2% during the second quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider's stock valued at $53,526,000 after buying an additional 331,817 shares during the last quarter. No Street GP LP grew its position in Green Dot by 150.0% during the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider's stock worth $53,720,000 after buying an additional 2,400,000 shares in the last quarter. Steel Partners Holdings L.P. acquired a new stake in Green Dot during the fourth quarter worth about $48,332,000. Dimensional Fund Advisors LP increased its stake in Green Dot by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,836,651 shares of the financial services provider's stock valued at $36,338,000 after acquiring an additional 56,547 shares during the period. Finally, Western Standard LLC increased its stake in Green Dot by 196.8% during the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider's stock valued at $25,332,000 after acquiring an additional 1,311,170 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Trading Down 0.2%

Green Dot stock opened at $11.62 on Monday. Green Dot has a 52 week low of $6.12 and a 52 week high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a market capitalization of $643.98 million, a PE ratio of -13.67 and a beta of 0.82. The business's 50-day simple moving average is $12.16 and its 200-day simple moving average is $12.64.

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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