Green Dot Corporation (NYSE:GDOT) Receives $16.12 Consensus Target Price from Brokerages

Green Dot Corporation (NYSE:GDOT) has been given a consensus rating of “Reduce” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.1250.

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th. Zacks Research lowered shares of Green Dot from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st.

Institutional Trading of Green Dot

Institutional investors have recently modified their holdings of the company. Topline Capital Management LLC grew its position in shares of Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock valued at $53,526,000 after acquiring an additional 331,817 shares during the period. No Street GP LP lifted its position in Green Dot by 150.0% during the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after purchasing an additional 2,400,000 shares during the period. Steel Partners Holdings L.P. acquired a new position in Green Dot during the 4th quarter worth approximately $48,332,000. Dimensional Fund Advisors LP increased its position in Green Dot by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider’s stock worth $34,322,000 after purchasing an additional 222,293 shares in the last quarter. Finally, Western Standard LLC lifted its stake in Green Dot by 196.8% in the 4th quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $13.38 on Monday. Green Dot has a fifty-two week low of $10.10 and a fifty-two week high of $15.41. The stock has a market capitalization of $762.53 million, a P/E ratio of -26.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.45 and a quick ratio of 0.45. The business has a 50-day moving average of $13.35 and a two-hundred day moving average of $12.55.

Green Dot (NYSE:GDOT) last announced its earnings results on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%.The firm had revenue of $591.29 million during the quarter, compared to the consensus estimate of $541.16 million. On average, equities research analysts predict that Green Dot will post 1.32 EPS for the current fiscal year.

About Green Dot

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.