Green Dot Corporation (NYSE:GDOT) Given Average Recommendation of “Hold” by Analysts

Shares of Green Dot Corporation (NYSE:GDOT) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.75.

Several research analysts have weighed in on GDOT shares. Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Craig Hallum restated a “buy” rating and issued a $18.00 price target on shares of Green Dot in a research note on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st. 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 Trading Up 1.2%

GDOT stock opened at $12.98 on Wednesday. Green Dot has a 1-year low of $9.31 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50. The company has a market capitalization of $735.42 million, a price-to-earnings ratio of -9.83 and a beta of 0.86. The business has a 50 day simple moving average of $12.46 and a two-hundred day simple moving average of $12.25.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $652.03 million during the quarter, compared to the consensus estimate of $597.39 million. Research analysts anticipate that Green Dot will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GDOT. Summit Securities Group LLC bought a new position in shares of Green Dot during the 4th quarter valued at approximately $66,000. Tower Research Capital LLC TRC boosted its position in shares of Green Dot by 23.1% during the 2nd 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 during the last quarter. Caxton Associates LLP bought a new position in shares of Green Dot during the 1st quarter valued at approximately $96,000. OLD National Bancorp IN bought a new position in shares of Green Dot during the 4th quarter valued at approximately $128,000. Finally, DRW Securities LLC bought a new position in shares of Green Dot during the 4th quarter valued at approximately $154,000. 92.56% of the stock is currently owned by institutional investors.

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.