Green Dot (NYSE:GDOT) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a buy rating in a research report released on Friday.

A number of other equities research analysts have also recently issued reports on the company. Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods cut their target price on Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Craig Hallum upgraded Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. Northland Capmk upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Green Dot presently has an average rating of “Moderate Buy” and an average target price of $11.50.

Green Dot Stock Performance

Green Dot stock opened at $9.58 on Friday. The company has a market cap of $525.58 million, a PE ratio of -9.12 and a beta of 0.73. The company has a fifty day moving average price of $8.56 and a two-hundred day moving average price of $8.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot has a 12 month low of $6.12 and a 12 month high of $13.58.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.36. The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. Research analysts expect that Green Dot will post 0.87 earnings per share for the current year.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 10,189 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the transaction, the insider now owns 253,139 shares in the company, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Green Dot

A number of institutional investors and hedge funds have recently bought and sold shares of GDOT. Brooklyn Investment Group raised its position in Green Dot by 350,400.0% in the first quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 3,504 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Green Dot in the fourth quarter worth about $44,000. GAMMA Investing LLC raised its position in Green Dot by 152.0% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 3,416 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Green Dot in the fourth quarter worth about $84,000. Finally, Caxton Associates LP bought a new stake in Green Dot in the fourth quarter worth about $121,000. Institutional investors 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.