Barclays Lowers Green Dot (NYSE:GDOT) Price Target to $7.00

Green Dot (NYSE:GDOT) had its price objective cut by Barclays from $10.00 to $7.00 in a research note published on Monday morning,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods reduced their price objective on Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th.

Green Dot Trading Up 3.9 %

NYSE:GDOT opened at $7.10 on Monday. Green Dot has a 12-month low of $6.42 and a 12-month high of $13.58. The firm has a market capitalization of $381.62 million, a P/E ratio of -6.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50 day simple moving average of $9.13 and a 200 day simple moving average of $10.45.

Insiders Place Their Bets

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the sale, the insider now owns 5,376,787 shares of the company’s stock, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Topline Capital Management, Ll sold 247,230 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares in the company, valued at $64,175,287.98. This represents a 3.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,180 shares of company stock worth $10,071,696. 1.10% of the stock is owned by company insiders.

Institutional Trading of Green Dot

A number of hedge funds and other institutional investors have recently modified their holdings of GDOT. Louisiana State Employees Retirement System raised its stake in shares of Green Dot by 13.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 26,000 shares of the financial services provider’s stock worth $304,000 after buying an additional 3,000 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Green Dot by 14.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 30,650 shares of the financial services provider’s stock worth $358,000 after buying an additional 3,783 shares in the last quarter. Amalgamated Bank raised its stake in shares of Green Dot by 14.0% in the 3rd quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,920 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Green Dot by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock worth $2,964,000 after buying an additional 26,676 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Green Dot by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 176,438 shares of the financial services provider’s stock worth $2,066,000 after buying an additional 8,978 shares in the last quarter. Institutional investors own 92.56% of the company’s stock.

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.