Green Dot Corporation (NYSE:GDOT) Receives Average Rating of “Hold” from Analysts

Green Dot Corporation (NYSE:GDOT) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.75.

A number of research firms have commented on GDOT. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st. Craig Hallum reiterated a “buy” rating and issued a $18.00 price objective on shares of Green Dot in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd.

Green Dot Stock Down 0.4%

NYSE:GDOT opened at $12.81 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $11.86 and its two-hundred day moving average is $12.08. Green Dot has a 52 week low of $8.98 and a 52 week high of $15.41. The stock has a market capitalization of $726.07 million, a price-to-earnings ratio of -9.70 and a beta of 0.86.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.24. Green Dot had a positive return on equity of 7.56% and a negative net margin of 3.25%.The company had revenue of $652.03 million for the quarter, compared to analysts’ expectations of $597.39 million. Research analysts anticipate that Green Dot will post 1.09 EPS for the current year.

Institutional Trading of Green Dot

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Green Dot in the third quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in shares of Green Dot in the fourth quarter valued at $66,000. Tower Research Capital LLC TRC raised its stake in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,221 shares in the last quarter. OLD National Bancorp IN acquired a new stake in shares of Green Dot in the fourth quarter valued at $128,000. Finally, Caxton Associates LLP acquired a new stake in shares of Green Dot in the first quarter valued at $96,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.