Green Dot Corporation (NYSE:GDOT) Receives $12.56 Consensus Price Target from Analysts

Green Dot Corporation (NYSE:GDOT) has received an average rating of “Reduce” from the seven analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $12.5625.

A number of equities analysts have issued reports on the stock. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Wall Street Zen downgraded Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd. Finally, Northland Securities set a $14.25 target price on Green Dot and gave the company a “market perform” rating in a research note on Tuesday, November 25th.

Green Dot Trading Up 1.5%

Shares of GDOT opened at $11.92 on Thursday. The stock’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $12.61. The firm has a market capitalization of $660.33 million, a PE ratio of -14.02 and a beta of 0.81. Green Dot has a 12-month low of $6.12 and a 12-month high of $15.41. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other Green Dot news, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $12.37, for a total value of $98,576.53. Following the completion of the sale, the director owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $12.61, for a total transaction of $169,617.11. Following the completion of the sale, the director owned 92,737 shares in the company, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Green Dot

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Green Dot during the third quarter worth about $29,000. Virtus Advisers LLC acquired a new stake in shares of Green Dot during the second quarter worth about $33,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 861 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the period. Finally, CWM LLC grew its position in shares of Green Dot by 131.8% in the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 4,926 shares during the period. Institutional investors own 92.56% of the company’s stock.

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.