Green Dot Corporation (NYSE:GDOT) Receives $13.56 Consensus PT from Brokerages

Shares of Green Dot Corporation (NYSE:GDOT) have received a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.5625.

GDOT has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Thursday, January 22nd. Wall Street Zen raised shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Craig Hallum restated a “buy” rating and issued a $18.00 price objective on shares of Green Dot in a report on Tuesday, March 17th.

Institutional Inflows and Outflows

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

Green Dot Stock Performance

Green Dot stock opened at $11.10 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07. The firm has a market cap of $616.55 million, a P/E ratio of -6.23 and a beta of 0.81. Green Dot has a 1-year low of $6.59 and a 1-year high of $15.41. The firm has a 50-day moving average of $11.61 and a 200-day moving average of $12.27.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Monday, March 16th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Green Dot had a positive return on equity of 6.93% and a negative net margin of 4.75%.The company had revenue of $519.72 million for the quarter, compared to the consensus estimate of $508.09 million. Sell-side analysts expect that Green Dot will post 0.87 EPS for the current year.

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.