Analysts Set Green Dot Corporation (NYSE:GDOT) Target Price at $12.00

Key Points

• Green Dot Corporation has received a consensus recommendation of "Moderate Buy" from five brokerages, with price targets averaging $12.00.
• The company reported $1.06 EPS for its latest quarter, exceeding estimates and reflecting a 23.6% increase in revenue year-over-year.
• Insider Christian Devin Ruppel sold 10,189 shares of Green Dot, indicating a 3.87% decrease in ownership after the transaction.

Green Dot Corporation (NYSE:GDOT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.00.

A number of research analysts have weighed in on GDOT shares. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods upped their target price on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Barclays upped their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th.

Green Dot Price Performance

Shares of NYSE GDOT traded down $0.03 during trading hours on Friday, reaching $10.54. 570,513 shares of the stock traded hands, compared to its average volume of 835,739. Green Dot has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.07. The company's 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $8.98. The company has a market capitalization of $578.27 million, a P/E ratio of -81.11 and a beta of 0.76.

Green Dot (NYSE:GDOT - Get Free Report) last released 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. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. The company had revenue of $555.96 million during the quarter, compared to analyst estimates of $503.20 million. During the same quarter in the previous year, the company posted $0.59 EPS. Green Dot's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts forecast that Green Dot will post 0.87 EPS for the current year.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the sale, the insider directly owned 253,139 shares in the company, valued at approximately $2,784,529. This trade represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Trading of Green Dot

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Green Dot by 109.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 23,951 shares of the financial services provider's stock valued at $258,000 after purchasing an additional 12,533 shares during the last quarter. CWM LLC boosted its stake in Green Dot by 131.8% during the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 4,926 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Green Dot during the 2nd quarter valued at $413,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Green Dot during the 2nd quarter valued at $117,000. Finally, DLD Asset Management LP bought a new position in shares of Green Dot during the 1st quarter valued at $549,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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.