Green Dot Co. (NYSE:GDOT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Green Dot Co. (NYSE:GDOT) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $10.75.

Several equities analysts recently issued reports on the company. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, March 14th. Northland Capmk raised Green Dot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Northland Securities raised Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Finally, Barclays decreased their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, March 3rd.

Green Dot Price Performance

GDOT stock opened at $8.23 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $7.67 and a 200 day moving average of $9.30. Green Dot has a twelve month low of $6.12 and a twelve month high of $13.58. The firm has a market cap of $446.31 million, a PE ratio of -7.84 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. Meeder Asset Management Inc. bought a new stake in Green Dot in the fourth quarter worth about $44,000. GAMMA Investing LLC lifted its stake in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 3,416 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Green Dot during the 4th quarter valued at $84,000. Allspring Global Investments Holdings LLC purchased a new stake in Green Dot in the first quarter worth $96,000. Finally, Caxton Associates LP bought a new stake in shares of Green Dot during the fourth quarter worth $121,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

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.