Green Dot Co. (NYSE:GDOT) Given Average Recommendation of “Hold” by Brokerages

Shares of Green Dot Co. (NYSE:GDOTGet Rating) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $41.63.

GDOT has been the subject of a number of research analyst reports. Northland Securities cut their target price on Green Dot from $42.00 to $38.00 in a research report on Wednesday, February 16th. BTIG Research cut their target price on Green Dot from $72.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. Barclays cut their target price on shares of Green Dot from $55.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 28th. Needham & Company LLC cut their target price on shares of Green Dot from $63.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Finally, Zacks Investment Research raised shares of Green Dot from a “sell” rating to a “hold” rating and set a $29.00 price target on the stock in a research note on Monday, May 2nd.

Green Dot stock opened at $28.96 on Tuesday. Green Dot has a fifty-two week low of $23.09 and a fifty-two week high of $54.90. The stock has a fifty day moving average of $27.47 and a two-hundred day moving average of $31.74. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 26.57 and a beta of 0.91.

Green Dot (NYSE:GDOTGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21. The firm had revenue of $400.60 million for the quarter, compared to analysts’ expectations of $390.87 million. Green Dot had a return on equity of 9.15% and a net margin of 4.19%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Research analysts anticipate that Green Dot will post 1.58 earnings per share for the current fiscal year.

In other Green Dot news, Director Glinda Bridgforth-Hodges sold 3,910 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $27.25, for a total value of $106,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 5,410 shares of company stock valued at $146,443. 2.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in Green Dot by 132.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,560 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 890 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Green Dot by 24.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the financial services provider’s stock worth $80,000 after buying an additional 437 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Green Dot in the 1st quarter worth about $137,000. Point72 Hong Kong Ltd purchased a new stake in shares of Green Dot in the 4th quarter worth about $139,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Green Dot in the 1st quarter worth about $154,000. 92.02% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile (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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Analyst Recommendations for Green Dot (NYSE:GDOT)

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