Green Dot Corporation (NYSE:GDOT) Given Average Recommendation of “Hold” by Analysts

Green Dot Corporation (NYSE:GDOT) has earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.75.

A number of research analysts recently weighed in on the stock. Craig Hallum restated a “buy” rating and set a $18.00 target price on shares of Green Dot in a research note on Tuesday, March 17th. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Tuesday, April 21st.

Green Dot Stock Up 1.1%

GDOT stock opened at $12.98 on Friday. Green Dot has a twelve month low of $9.10 and a twelve month high of $15.41. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.07. The stock has a market cap of $735.42 million, a P/E ratio of -9.83 and a beta of 0.86. The business’s 50-day moving average price is $11.99 and its 200-day moving average price is $12.10.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.24. The business had revenue of $652.03 million for the quarter, compared to the consensus estimate of $597.39 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. On average, equities research analysts forecast that Green Dot will post 1.09 EPS for the current year.

Institutional Trading of Green Dot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in Green Dot in the 3rd quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Green Dot during the fourth quarter valued at approximately $66,000. Tower Research Capital LLC TRC lifted its holdings in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,221 shares in the last quarter. OLD National Bancorp IN bought a new position in shares of Green Dot during the fourth quarter worth $128,000. Finally, Caxton Associates LLP bought a new position in shares of Green Dot during the first quarter worth $96,000. Institutional investors own 92.56% of the company’s stock.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.