Green Dot Corporation (NYSE:GDOT) Receives Consensus Rating of “Reduce” from Analysts

Green Dot Corporation (NYSE:GDOT) has been assigned an average rating of “Reduce” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.1250.

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. Zacks Research downgraded Green Dot from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st.

Institutional Investors Weigh In On Green Dot

Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in Green Dot in the second quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new stake in Green Dot during the fourth quarter worth approximately $66,000. Tower Research Capital LLC TRC raised its holdings in Green Dot by 23.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,221 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Green Dot during the 1st quarter worth approximately $96,000. Finally, OLD National Bancorp IN lifted its position in shares of Green Dot by 17.6% during the 1st quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,763 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Trading Up 0.1%

NYSE GDOT opened at $13.36 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07. Green Dot has a 52 week low of $10.10 and a 52 week high of $15.41. The stock has a market capitalization of $761.39 million, a PE ratio of -26.20 and a beta of 0.84. The firm has a 50 day moving average of $13.34 and a two-hundred day moving average of $12.51.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The firm had revenue of $591.29 million during the quarter, compared to analysts’ expectations of $541.16 million. As a group, research analysts expect that Green Dot will post 1.32 EPS for the current fiscal 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.