Green Dot Corporation (NYSE:GDOT) Given Average Rating of “Hold” by Brokerages

Green Dot Corporation (NYSE:GDOT) has received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.75.

A number of research analysts recently weighed in on the company. Craig Hallum reissued a “buy” rating and set a $18.00 target price on shares of Green Dot in a report on Tuesday, March 17th. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st.

Institutional Trading of Green Dot

Institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Green Dot in the 4th quarter valued at $66,000. Tower Research Capital LLC TRC grew its position in shares of Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,221 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Green Dot during the first quarter worth approximately $96,000. OLD National Bancorp IN bought a new position in shares of Green Dot during the fourth quarter worth approximately $128,000. Finally, DRW Securities LLC bought a new position in shares of Green Dot during the fourth quarter worth approximately $154,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Stock Up 0.3%

GDOT stock opened at $12.79 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $724.65 million, a PE ratio of -9.69 and a beta of 0.86. Green Dot has a 1-year low of $9.31 and a 1-year high of $15.41. The business’s 50 day simple moving average is $12.55 and its 200 day simple moving average is $12.26.

Green Dot (NYSE:GDOT) last posted its earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.24. The business had revenue of $652.03 million for the quarter, compared to analyst estimates of $597.39 million. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%. As a group, research analysts anticipate that Green Dot will post 1.33 EPS for the current year.

Green Dot Company Profile

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.