Green Dot Co. (NYSE:GDOT) Given Consensus Rating of "Hold" by Brokerages

Shares of Green Dot Co. (NYSE:GDOT - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $10.75.

A number of research firms have commented on GDOT. Barclays downgraded shares of Green Dot from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $8.00 to $7.00 in a research note on Thursday, December 14th. Truist Financial increased their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. TheStreet downgraded shares of Green Dot from a "c-" rating to a "d" rating in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Green Dot from $12.50 to $11.00 and set a "market perform" rating on the stock in a research note on Friday.

Insider Transactions at Green Dot

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the transaction, the executive now owns 101,715 shares in the company, valued at approximately $921,537.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CRO Christian Devin Ruppel acquired 33,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the acquisition, the executive now directly owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Principal Co Lp Starboard sold 75,729 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the sale, the insider now directly owns 270,207 shares in the company, valued at approximately $2,318,376.06. The disclosure for this sale can be found here. Insiders own 11.80% of the company's stock.

Hedge Funds Weigh In On Green Dot

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in Green Dot during the 3rd quarter valued at about $7,869,000. Assenagon Asset Management S.A. increased its stake in Green Dot by 360.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 777,929 shares of the financial services provider's stock valued at $10,837,000 after buying an additional 609,084 shares during the period. Hsbc Holdings PLC increased its stake in Green Dot by 1.2% during the 3rd quarter. Hsbc Holdings PLC now owns 255,179 shares of the financial services provider's stock valued at $3,557,000 after buying an additional 2,933 shares during the period. Strs Ohio increased its stake in Green Dot by 438.7% during the 3rd quarter. Strs Ohio now owns 16,700 shares of the financial services provider's stock valued at $232,000 after buying an additional 13,600 shares during the period. Finally, Moody National Bank Trust Division boosted its position in shares of Green Dot by 23.0% during the 4th quarter. Moody National Bank Trust Division now owns 14,391 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 2,695 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Stock Performance

Shares of GDOT stock traded up $0.02 on Monday, hitting $8.41. The stock had a trading volume of 399,066 shares, compared to its average volume of 736,076. The firm has a market capitalization of $444.04 million, a price-to-earnings ratio of 64.65 and a beta of 1.04. The stock's 50 day moving average is $8.70 and its 200-day moving average is $9.75. Green Dot has a 52-week low of $7.30 and a 52-week high of $21.37.

Green Dot (NYSE:GDOT - Get Free Report) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $361.72 million during the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. Equities analysts expect that Green Dot will post 0.88 earnings per share for the current year.

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.