Green Dot (NYSE:GDOT) Reaches New 12-Month Low at $19.12

Green Dot Co. (NYSE:GDOTGet Rating) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.12 and last traded at $19.14, with a volume of 5460 shares changing hands. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GDOT. Citigroup upped their price target on Green Dot to $28.00 in a research report on Tuesday, August 9th. Barclays downgraded Green Dot from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $31.00 to $25.00 in a report on Monday, August 15th. Finally, Needham & Company LLC reduced their price objective on Green Dot from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.17.

Green Dot Price Performance

The business has a 50 day moving average of $24.21 and a 200 day moving average of $26.15. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.66 and a beta of 1.04.

Green Dot (NYSE:GDOTGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.22. The company had revenue of $362.80 million for the quarter, compared to analyst estimates of $362.08 million. Green Dot had a return on equity of 10.03% and a net margin of 3.52%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, equities analysts predict that Green Dot Co. will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. ACG Wealth acquired a new stake in shares of Green Dot in the 2nd quarter valued at about $96,000. Sageworth Trust Co bought a new position in Green Dot in the 2nd quarter valued at about $106,000. Point72 Hong Kong Ltd bought a new position in shares of Green Dot during the 2nd quarter worth approximately $114,000. SG Americas Securities LLC bought a new position in shares of Green Dot during the 1st quarter worth approximately $137,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Green Dot during the 1st quarter worth approximately $154,000. 90.66% of the stock is currently owned by institutional investors.

Green Dot Company Profile

(Get Rating)

Green Dot Corporation, a financial technology and bank holding company, provides various financial products 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 offers deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.

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