Green Dot Co. (NYSE:GDOT) Given Average Rating of “Hold” by Analysts

Green Dot Co. (NYSE:GDOT) has earned an average recommendation of “Hold” from the four ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.75.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd.

Green Dot Price Performance

Shares of GDOT opened at $11.07 on Thursday. The company has a market capitalization of $589.03 million, a P/E ratio of -23.55 and a beta of 0.91. Green Dot has a one year low of $7.30 and a one year high of $14.83. The business’s 50 day simple moving average is $10.09 and its 200-day simple moving average is $9.49.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. Green Dot’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. On average, sell-side analysts anticipate that Green Dot will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Headlands Technologies LLC raised its position in shares of Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,214 shares during the last quarter. UMB Bank n.a. raised 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 acquiring an additional 1,415 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Green Dot by 7.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,430 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Green Dot by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares during the last quarter. Institutional investors and hedge funds 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.