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

Green Dot Corporation (NYSE:GDOT) has received an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.1250.

Several equities research analysts have commented on GDOT shares. Wall Street Zen raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Green Dot Stock Performance

Shares of GDOT stock opened at $13.47 on Friday. The firm has a market cap of $763.71 million, a P/E ratio of -10.21 and a beta of 0.83. The stock’s 50-day moving average is $13.00 and its two-hundred day moving average is $12.29. 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 fifty-two week low of $9.31 and a fifty-two week high of $15.41.

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

Institutional Trading of Green Dot

Several institutional investors and hedge funds have recently modified their holdings of GDOT. Western Standard LLC raised its stake in shares of Green Dot by 196.8% in the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after buying an additional 1,311,170 shares during the period. Acuitas Investments LLC purchased a new position in shares of Green Dot in the 3rd quarter worth about $3,648,000. Credit Industriel ET Commercial bought a new position in shares of Green Dot during the 4th quarter valued at $1,281,000. Portolan Capital Management LLC increased its stake in Green Dot by 15.3% in the 3rd quarter. Portolan Capital Management LLC now owns 1,615,280 shares of the financial services provider’s stock worth $21,693,000 after purchasing an additional 214,152 shares during the period. Finally, CenterBook Partners LP boosted its holdings in shares of Green Dot by 406.7% during the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock worth $15,797,000 after purchasing an additional 989,823 shares during the period. 92.56% of the stock is owned by hedge funds and other 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.