Green Dot (NYSE:GDOT) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Green Dot (NYSE:GDOT - Get Free Report) had its price objective upped by analysts at Keefe, Bruyette & Woods from $11.00 to $12.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 13.15% from the company's current price.

Several other research firms have also weighed in on GDOT. 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. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Friday, March 14th. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Barclays raised 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 Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Green Dot presently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Green Dot Trading Down 0.8%

Green Dot stock traded down $0.09 during mid-day trading on Friday, hitting $10.61. The stock had a trading volume of 550,843 shares, compared to its average volume of 666,940. The stock has a 50-day simple moving average of $9.94 and a two-hundred day simple moving average of $8.94. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $582.12 million, a PE ratio of -81.57 and a beta of 0.76. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.36. The business 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 0.31% and a positive return on equity of 8.82%. Green Dot's revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, sell-side analysts forecast that Green Dot will post 0.87 EPS for the current year.

Insider Buying and Selling at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction on 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 transaction, the insider owned 253,139 shares in the company, valued at approximately $2,784,529. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in Green Dot during the fourth quarter worth about $294,000. Amundi raised its holdings in shares of Green Dot by 209.4% in the 4th quarter. Amundi now owns 27,754 shares of the financial services provider's stock valued at $295,000 after purchasing an additional 18,783 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Green Dot by 2.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,372 shares of the financial services provider's stock worth $1,525,000 after purchasing an additional 3,152 shares during the period. Swiss National Bank grew its holdings in Green Dot by 2.5% during the fourth quarter. Swiss National Bank now owns 95,100 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 2,300 shares during the period. Finally, Intech Investment Management LLC increased its position in Green Dot by 118.1% during the fourth quarter. Intech Investment Management LLC now owns 43,643 shares of the financial services provider's stock worth $464,000 after buying an additional 23,636 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.