Green Dot Corporation (NYSE:GDOT) Stock Has Consensus Price Target of $16.12 According to Brokerages

Green Dot Corporation (NYSE:GDOT) has received a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.12.

A number of analysts recently commented on GDOT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, October 15th. Zacks Research upgraded Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th.

Institutional Trading of Green Dot

Several institutional investors have recently added to or reduced their stakes in GDOT. Public Employees Retirement System of Ohio purchased a new stake in Green Dot in the 2nd quarter worth approximately $26,000. Abel Hall LLC purchased a new position in shares of Green Dot in the 3rd quarter worth $125,000. OLD National Bancorp IN increased its holdings in shares of Green Dot by 17.6% in the 1st quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,763 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Green Dot in the 1st quarter worth approximately $173,000. Finally, Strs Ohio increased its position in shares of Green Dot by 10.0% during the 1st quarter. Strs Ohio now owns 55,100 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 5,000 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Stock Performance

Shares of NYSE:GDOT opened at $12.33 on Tuesday. Green Dot has a 1 year low of $10.10 and a 1 year high of $13.75. The stock has a market capitalization of $702.85 million, a price-to-earnings ratio of -24.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.45 and a quick ratio of 0.45. The company’s 50 day simple moving average is $12.90 and its 200 day simple moving average is $12.86.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). The company had revenue of $591.29 million for the quarter, compared to analyst estimates of $541.16 million. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. As a group, research analysts predict that Green Dot will post 1.32 EPS for the current fiscal year.

About Green Dot

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.