Green Dot Co. (NYSE:GDOT) Receives $10.75 Consensus Price Target from Brokerages

Shares of Green Dot Co. (NYSE:GDOT) have received an average rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.75.

GDOT has been the subject of several recent research reports. Barclays cut their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, March 14th. Northland Securities raised shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Wednesday, April 9th. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th.

Institutional Trading of Green Dot

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Green Dot by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock valued at $3,885,000 after purchasing an additional 78,547 shares in the last quarter. Barclays PLC lifted its holdings in shares of Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after purchasing an additional 68,481 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock valued at $22,496,000 after purchasing an additional 363,831 shares in the last quarter. Walmart Inc. purchased a new stake in shares of Green Dot in the fourth quarter valued at $10,374,000. Finally, Wellington Management Group LLP purchased a new stake in Green Dot in the 4th quarter worth approximately $2,048,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Trading Up 23.4%

Green Dot stock opened at $10.74 on Monday. The firm has a 50 day simple moving average of $7.80 and a 200-day simple moving average of $9.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market capitalization of $582.43 million, a PE ratio of -10.23 and a beta of 0.76. Green Dot has a 12-month low of $6.12 and a 12-month high of $13.58.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The business had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $503.20 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts expect that Green Dot will post 0.87 EPS for the current fiscal year.

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.