Green Dot (NYSE:GDOT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Green Dot (NYSE:GDOT – Get Rating) in a report published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Truist Financial lowered their price objective on shares of Green Dot from $24.00 to $22.00 and set a buy rating for the company in a report on Monday, February 27th. Barclays lowered their price target on shares of Green Dot from $21.00 to $19.00 and set an equal weight rating for the company in a report on Monday, February 27th. Finally, Needham & Company LLC lowered their price target on shares of Green Dot from $24.00 to $20.00 and set a buy rating for the company in a report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Dot presently has an average rating of Hold and a consensus price target of $23.43.

Green Dot Trading Down 3.4 %

Shares of GDOT opened at $15.80 on Thursday. The firm has a market cap of $817.18 million, a price-to-earnings ratio of 13.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.37 and a current ratio of 0.37. Green Dot has a fifty-two week low of $14.96 and a fifty-two week high of $30.29. The firm has a 50 day moving average price of $17.80 and a 200-day moving average price of $18.36.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its position in Green Dot by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 39,238 shares of the financial services provider’s stock valued at $985,000 after purchasing an additional 470 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Green Dot by 9.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,785 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 564 shares during the period. SummerHaven Investment Management LLC increased its position in Green Dot by 2.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 30,316 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 607 shares during the period. State of Wyoming increased its position in Green Dot by 7.7% during the 4th quarter. State of Wyoming now owns 8,812 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 633 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Green Dot by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,599 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 746 shares during the period. 90.42% of the stock is owned by hedge funds and other institutional investors.

About Green Dot

(Get Rating)

Green Dot Corp. is a financial technology and registered bank holding company. It engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services, Business to Business (B2B) Services, Money Movement Services, and Corporate and Other.