Green Dot Corporation (NYSE:GDOT) Given Average Rating of “Reduce” by Analysts

Green Dot Corporation (NYSE:GDOT) has been given a consensus rating of “Reduce” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.5625.

GDOT has been the topic of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Northland Securities set a $14.25 price target on shares of Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Thursday, January 22nd.

Green Dot Stock Performance

NYSE GDOT opened at $12.11 on Thursday. The stock has a market capitalization of $671.30 million, a price-to-earnings ratio of -14.25 and a beta of 0.81. The business’s 50 day moving average is $12.48 and its two-hundred day moving average is $12.65. Green Dot has a 12-month low of $6.12 and a 12-month high of $15.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In related news, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.37, for a total value of $98,576.53. Following the sale, the director owned 133,215 shares in the company, valued at $1,647,869.55. This represents a 5.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $12.61, for a total value of $169,617.11. Following the completion of the transaction, the director directly owned 92,737 shares of the company’s stock, valued at $1,169,413.57. The trade was a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Green Dot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Topline Capital Management LLC boosted its stake in Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider’s stock worth $53,526,000 after buying an additional 331,817 shares during the last quarter. No Street GP LP lifted its holdings in shares of Green Dot by 150.0% during the 3rd quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after acquiring an additional 2,400,000 shares during the period. Steel Partners Holdings L.P. acquired a new stake in shares of Green Dot in the fourth quarter worth approximately $48,332,000. Dimensional Fund Advisors LP grew its holdings in Green Dot by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,836,651 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 56,547 shares during the period. Finally, Western Standard LLC increased its position in Green Dot by 196.8% during the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock worth $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Company Profile

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.