StockNews.com Lowers Green Dot (NYSE:GDOT) to Sell

StockNews.com downgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Green Dot from $12.50 to $11.00 and set a market perform rating on the stock in a research note on Friday, April 5th. TheStreet cut shares of Green Dot from a c- rating to a d rating in a research note on Thursday, February 1st. Finally, Truist Financial raised their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $10.75.

Green Dot Trading Up 2.6 %

GDOT opened at $8.43 on Tuesday. The company has a market cap of $445.09 million, a price-to-earnings ratio of 64.81 and a beta of 1.04. The company’s 50 day moving average is $8.61 and its 200 day moving average is $9.50. Green Dot has a 12-month low of $7.30 and a 12-month high of $21.37.

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

Insider Activity

In other news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the sale, the insider now owns 276,595 shares in the company, valued at $2,259,781.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the sale, the insider now owns 276,595 shares in the company, valued at $2,259,781.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the transaction, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The disclosure for this purchase can be found here. Company insiders own 11.80% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in Green Dot in the third quarter worth $7,869,000. Assenagon Asset Management S.A. increased its position in Green Dot by 360.7% in the third quarter. Assenagon Asset Management S.A. now owns 777,929 shares of the financial services provider’s stock worth $10,837,000 after purchasing an additional 609,084 shares during the last quarter. Hsbc Holdings PLC increased its position in Green Dot by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,179 shares of the financial services provider’s stock worth $3,557,000 after purchasing an additional 2,933 shares during the last quarter. Strs Ohio boosted its stake in Green Dot by 438.7% during the third quarter. Strs Ohio now owns 16,700 shares of the financial services provider’s stock worth $232,000 after buying an additional 13,600 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Green Dot by 4.9% during the fourth quarter. SG Americas Securities LLC now owns 27,367 shares of the financial services provider’s stock worth $271,000 after buying an additional 1,285 shares during the period. Institutional investors 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.