Green Dot’s (GDOT) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Green Dot (NYSE:GDOT) in a research report report published on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $11.00 price target on the financial services provider’s stock.

Separately, StockNews.com raised Green Dot from a sell rating to a hold rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $10.75.

Green Dot Trading Down 3.2 %

Shares of GDOT opened at $9.20 on Monday. The stock has a market capitalization of $489.53 million, a PE ratio of -19.81 and a beta of 0.96. The firm’s 50 day moving average is $9.66 and its 200-day moving average is $9.12. Green Dot has a 12 month low of $7.30 and a 12 month high of $20.69.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The firm had revenue of $447.42 million for the quarter, compared to the consensus estimate of $415.70 million. Equities research analysts predict that Green Dot will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of Green Dot

A number of hedge funds have recently added to or reduced their stakes in GDOT. Assenagon Asset Management S.A. lifted its stake in shares of Green Dot by 11.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock valued at $8,613,000 after acquiring an additional 97,040 shares during the last quarter. Kent Lake Capital LLC acquired a new position in Green Dot in the 1st quarter valued at approximately $7,464,000. Charles Schwab Investment Management Inc. raised its stake in shares of Green Dot by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock valued at $7,416,000 after acquiring an additional 81,846 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Green Dot by 54.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock worth $5,914,000 after purchasing an additional 209,818 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Green Dot in the third quarter worth $7,869,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

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.