Green Dot Co. (NYSE:GDOT) Receives $10.75 Consensus PT from Analysts

Green Dot Co. (NYSE:GDOT) has received an average rating of “Hold” from the four brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.75.

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC boosted its position in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,293 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,415 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Green Dot during the 4th quarter valued at about $53,000. PNC Financial Services Group Inc. boosted its position in shares of Green Dot by 65.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 2,434 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Green Dot by 39.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Trading Up 0.2 %

Shares of NYSE GDOT opened at $9.45 on Friday. Green Dot has a 12 month low of $7.30 and a 12 month high of $21.37. The company has a 50 day simple moving average of $9.57 and a two-hundred day simple moving average of $9.14. The stock has a market cap of $502.83 million, a price-to-earnings ratio of -20.11 and a beta of 0.98.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). The business had revenue of $447.42 million for the quarter, compared to analyst estimates of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. Analysts forecast that Green Dot will post 1.03 EPS for the current year.

About Green Dot

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