Green Dot Co. (NYSE:GDOT) Receives $10.75 Average Price Target from Brokerages

Shares of Green Dot Co. (NYSE:GDOT) have been given a consensus rating of “Hold” by the four brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.75.

A number of research analysts have recently commented on GDOT shares. StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd.

Green Dot Price Performance

GDOT stock opened at $10.76 on Friday. Green Dot has a one year low of $7.30 and a one year high of $15.90. The stock has a market cap of $572.54 million, a price-to-earnings ratio of -22.89 and a beta of 0.96. The company has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $9.19.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Research analysts anticipate that Green Dot will post 1.03 EPS for the current fiscal year.

Institutional Trading of Green Dot

Several institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC increased its position in shares of Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,214 shares during the period. UMB Bank n.a. boosted its position in shares of 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 valued at $27,000 after purchasing an additional 1,415 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Green Dot by 4.0% during the second quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after purchasing an additional 1,524 shares during the period. Nisa Investment Advisors LLC grew its stake in Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,609 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Green Dot by 6.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 26,954 shares of the financial services provider’s stock worth $251,000 after buying an additional 1,615 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

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.