Green Dot (NYSE:GDOT) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Green Dot (NYSE:GDOT) from a sell rating to a hold rating in a report published on Wednesday.

A number of other equities research analysts also recently issued reports on the company. TheStreet downgraded Green Dot from a c- rating to a d rating in a research report on Thursday, February 1st. Truist Financial upped their target price on Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a research note on Thursday, February 29th. Finally, Keefe, Bruyette & Woods cut their target price on Green Dot from $12.50 to $11.00 and set a market perform rating for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $10.75.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $9.04 on Wednesday. The company has a market capitalization of $477.58 million, a P/E ratio of 69.54 and a beta of 1.04. Green Dot has a 1 year low of $7.30 and a 1 year high of $21.37. The business’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $9.31.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $361.72 million for the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. On average, sell-side analysts anticipate that Green Dot will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now directly owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now directly owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Christian Devin Ruppel bought 33,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the transaction, the executive now owns 101,715 shares in the company, valued at $921,537.90. The disclosure for this purchase can be found here. 11.80% of the stock is owned by corporate insiders.

Institutional Trading of Green Dot

A number of large investors have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,415 shares during the period. Assenagon Asset Management S.A. grew its holdings in Green Dot by 11.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after acquiring an additional 97,040 shares during the period. DGS Capital Management LLC acquired a new stake in Green Dot during the 1st quarter worth about $139,000. Quadrature Capital Ltd grew its holdings in Green Dot by 111.7% during the 4th quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 33,068 shares during the period. Finally, HST Ventures LLC grew its holdings in Green Dot by 40.9% during the 4th quarter. HST Ventures LLC now owns 219,271 shares of the financial services provider’s stock worth $2,171,000 after acquiring an additional 63,627 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

About Green Dot

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.