Green Dot (NYSE:GDOT) Upgraded to “Hold” at Wall Street Zen

Green Dot (NYSE:GDOT) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other research firms have also issued reports on GDOT. Northland Securities set a $14.25 price objective on Green Dot and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Craig Hallum reaffirmed a “buy” rating and issued a $18.00 target price on shares of Green Dot in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $13.56.

Green Dot Trading Down 1.3%

Shares of NYSE GDOT opened at $11.05 on Friday. Green Dot has a 12 month low of $6.59 and a 12 month high of $15.41. The company has a market cap of $612.14 million, a price-to-earnings ratio of -6.21 and a beta of 0.82. The business has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $12.48. The company has a quick ratio of 0.54, a current ratio of 0.52 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, March 16th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $519.72 million during the quarter, compared to analysts’ expectations of $508.09 million. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%. Sell-side analysts predict that Green Dot will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Green Dot

Several institutional investors have recently bought and sold shares of GDOT. State of Alaska Department of Revenue bought a new stake in shares of Green Dot during the third quarter worth $29,000. Virtus Advisers LLC bought a new position in shares of Green Dot in the second quarter valued at about $33,000. Summit Securities Group LLC acquired a new position in Green Dot during the 4th quarter worth about $66,000. Ameritas Investment Partners Inc. lifted its position in 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 worth $59,000 after buying an additional 861 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,221 shares during the last quarter. 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.