Green Dot Co. (NYSE:GDOT) Receives Average Rating of “Hold” from Analysts

Green Dot Co. (NYSE:GDOTGet Rating) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.22.

A number of research firms recently weighed in on GDOT. Needham & Company LLC decreased their target price on shares of Green Dot from $63.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 25th. BTIG Research decreased their price objective on shares of Green Dot from $72.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. StockNews.com started coverage on shares of Green Dot in a research report on Thursday, March 31st. They issued a “hold” rating for the company. William Blair reissued an “outperform” rating on shares of Green Dot in a research report on Friday, February 25th. Finally, Barclays decreased their price objective on shares of Green Dot from $55.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 28th.

In other news, Director Glinda Bridgforth-Hodges sold 3,910 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $27.25, for a total transaction of $106,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 5,410 shares of company stock valued at $149,223. 3.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Morgan Stanley lifted its stake in shares of Green Dot by 13.6% during the 2nd quarter. Morgan Stanley now owns 376,357 shares of the financial services provider’s stock worth $17,632,000 after buying an additional 45,084 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Green Dot by 56.3% during the 3rd quarter. New York State Common Retirement Fund now owns 72,105 shares of the financial services provider’s stock worth $3,629,000 after buying an additional 25,984 shares during the last quarter. Versor Investments LP lifted its stake in shares of Green Dot by 30.4% during the 3rd quarter. Versor Investments LP now owns 7,365 shares of the financial services provider’s stock worth $371,000 after buying an additional 1,715 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Green Dot by 61.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,113 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,184 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in Green Dot by 43.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,430 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

Green Dot stock opened at $27.43 on Friday. The company has a market cap of $1.51 billion, a P/E ratio of 32.27 and a beta of 0.95. Green Dot has a 1-year low of $23.09 and a 1-year high of $54.90. The company has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $33.90.

Green Dot (NYSE:GDOTGet Rating) last released its earnings results on Thursday, February 24th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08). The business had revenue of $330.84 million during the quarter, compared to the consensus estimate of $309.35 million. Green Dot had a net margin of 3.31% and a return on equity of 7.79%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. As a group, analysts predict that Green Dot will post 1.44 earnings per share for the current fiscal year.

About Green Dot (Get Rating)

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates through Consumer Services, Business to Business Services, and Money Movement Services segments. The company offers deposit account programs, such network-branded reloadable prepaid debit cards, network-branded gift cards, and secured credit cards.

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