Green Dot (NYSE:GDOT) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Green Dot (NYSE:GDOT) had its price target decreased by Keefe, Bruyette & Woods from $12.00 to $10.00 in a report released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Green Dot Stock Performance

NYSE GDOT opened at $7.67 on Friday. The firm has a market cap of $412.76 million, a price-to-earnings ratio of -7.31 and a beta of 0.90. The company has a 50 day moving average of $9.34 and a 200-day moving average of $10.53. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a 1-year low of $6.97 and a 1-year high of $13.58.

Insider Transactions at Green Dot

In other news, insider Topline Capital Management, Ll sold 380,611 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the sale, the insider now directly owns 5,708,126 shares of the company’s stock, valued at $59,592,835.44. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the sale, the insider now directly owns 5,376,787 shares in the company, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,180 shares of company stock valued at $10,071,696. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Green Dot

Several hedge funds have recently modified their holdings of the stock. Topline Capital Management LLC bought a new position in Green Dot in the fourth quarter valued at approximately $57,209,000. Walmart Inc. bought a new position in Green Dot in the fourth quarter valued at approximately $10,374,000. Prudential Financial Inc. boosted its stake in Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider’s stock valued at $7,032,000 after acquiring an additional 380,692 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider’s stock valued at $22,496,000 after acquiring an additional 363,831 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Green Dot by 42.5% in the fourth quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider’s stock valued at $11,077,000 after acquiring an additional 310,492 shares during the last quarter. 92.56% of the stock is owned by institutional investors.

Green Dot Company Profile

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.