Green Dot (NYSE:GDOT) Upgraded to Hold by StockNews.com

Green Dot (NYSE:GDOT) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

GDOT has been the subject of a number of other reports. Truist Financial lifted their price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Keefe, Bruyette & Woods cut their price objective on Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. Finally, TheStreet downgraded Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.75.

Green Dot Trading Up 2.1 %

GDOT stock opened at $8.88 on Wednesday. The firm has a 50 day moving average of $8.60 and a 200-day moving average of $9.38. Green Dot has a 12-month low of $7.30 and a 12-month high of $21.37. The company has a market cap of $469.13 million, a price-to-earnings ratio of 68.31 and a beta of 1.04.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. The company had revenue of $361.72 million during the quarter, compared to the consensus estimate of $350.14 million. Sell-side analysts forecast that Green Dot will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $9.06 per share, with a total value of $298,980.00. Following the transaction, the executive now owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Christian Devin Ruppel acquired 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the acquisition, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Principal Co Lp Starboard sold 75,729 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the transaction, the insider now owns 270,207 shares in the company, valued at approximately $2,318,376.06. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Green Dot by 360.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 777,929 shares of the financial services provider’s stock valued at $10,837,000 after purchasing an additional 609,084 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Green Dot in the 3rd quarter valued at about $7,869,000. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Green Dot by 54.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock valued at $5,914,000 after purchasing an additional 209,818 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Green Dot by 428.0% in the 4th quarter. BNP Paribas Financial Markets now owns 111,524 shares of the financial services provider’s stock valued at $1,104,000 after purchasing an additional 90,402 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Green Dot by 33.3% in the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock valued at $3,408,000 after purchasing an additional 84,894 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.