Green Dot Corporation (NYSE:GDOT) Given Consensus Recommendation of “Hold” by Brokerages

Green Dot Corporation (NYSE:GDOT) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.75.

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Craig Hallum reaffirmed a “buy” rating and set a $18.00 target price on shares of Green Dot in a report on Tuesday, March 17th. Finally, Zacks Research raised Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Rangeley Capital LLC bought a new position in Green Dot during the 1st quarter worth approximately $1,826,000. OMERS ADMINISTRATION Corp lifted its holdings in Green Dot by 167.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 330,200 shares of the financial services provider’s stock worth $3,705,000 after buying an additional 206,600 shares during the last quarter. Jacobs Asset Management LLC lifted its holdings in Green Dot by 115.2% during the 1st quarter. Jacobs Asset Management LLC now owns 225,000 shares of the financial services provider’s stock worth $2,524,000 after buying an additional 120,464 shares during the last quarter. Entropy Technologies LP bought a new position in Green Dot during the 1st quarter worth approximately $173,000. Finally, Renaissance Technologies LLC lifted its holdings in Green Dot by 167.0% during the 1st quarter. Renaissance Technologies LLC now owns 61,400 shares of the financial services provider’s stock worth $689,000 after buying an additional 38,400 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.

Green Dot Trading Up 2.1%

GDOT opened at $13.19 on Wednesday. The stock has a market capitalization of $747.61 million, a PE ratio of -9.99 and a beta of 0.86. The firm’s fifty day moving average price is $12.61 and its 200 day moving average price is $12.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50. Green Dot has a 12-month low of $9.31 and a 12-month high of $15.41.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.24. The firm had revenue of $652.03 million for the quarter, compared to analysts’ expectations of $597.39 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. As a group, research analysts expect that Green Dot will post 1.33 EPS for the current fiscal year.

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.