Green Dot Co. (NYSE:GDOT – Free Report) has received a consensus rating of “Hold” from the four brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, and one has given the company a buy recommendation. The average 1-year price target among the brokerages that have updated their coverage on the stock in the last year is $10.75.
Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. StockNews.com raised Green Dot from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.
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Green Dot Price Development
Green Dot shares opened at $10.05 on Friday. The company has a 50-day moving average of $9.48 and a 200-day moving average of $9.14. Green Dot has a 12-month low of $7.30 and a 12-month high of $16.45. The stock has a market cap of $534.76 million, a price-to-earnings ratio of -21.38 and a beta of 0.96.
Green Dot (NYSE:GDOT – Get Free Report) last released its quarterly earnings results on Thursday, May 9. The financial services provider reported earnings per share (EPS) of $0.46 for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). The company had revenue of $447.42 million for the quarter, compared to analyst estimates of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. Equities analysts expect Green Dot to post earnings per share of $1.03 for the current year.
Institutional trading with Green Dot
A number of institutional investors have recently changed their holdings in GDOT. Kent Lake Capital LLC acquired a new stake in Green Dot in the first quarter valued at approximately $7,464,000. SG Capital Management LLC acquired a new position in Green Dot in the first quarter valued at $4,254,000. American Century Companies Inc. increased its holdings in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after buying an additional 142,377 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in Green Dot by 24.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 525,377 shares of the financial services provider’s stock valued at $4,965,000 after buying an additional 104,829 shares in the last quarter. Finally, Assenagon Asset Management SA increased its holdings in Green Dot by 11.7% during the first quarter. Assenagon Asset Management SA now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after acquiring an additional 97,040 shares in the last quarter. 92.56% of the shares are currently owned by hedge funds and other institutional investors.
Green Dot Company Profile
(Get free report
Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. The Company operates through three segments: Consumer Services, Business-to-Business Services, and Money Movement Services. The Company offers deposit account programs, including consumer and small business checking account products, reloadable prepaid debit cards and network-branded gift cards, and secured lending programs.
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