Shares of Green Dot Co. (NYSE:GDOT – Get Free Report) have been assigned a consensus rating of “Hold” from the four ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.75.
GDOT has been the topic of several recent research reports. Barclays raised their price objective on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. Finally, Craig Hallum raised their price objective on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday.
Read Our Latest Report on Green Dot
Green Dot Stock Performance
Green Dot (NYSE:GDOT – Get Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. Green Dot’s revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Green Dot will post 1 earnings per share for the current year.
Insider Activity at Green Dot
In other Green Dot news, insider Topline Capital Management, Ll bought 36,671 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average price of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Green Dot news, insider Topline Capital Management, Ll bought 36,671 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average price of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the purchase, the insider now directly owns 6,157,665 shares in the company, valued at $73,091,483.55. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Green Dot
Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in 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 buying an additional 1,609 shares in the last quarter. nVerses Capital LLC purchased a new position in Green Dot during the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC grew its holdings in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,293 shares in the last quarter. UMB Bank n.a. grew its holdings in 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 buying an additional 1,415 shares in the last quarter. Finally, Quarry LP purchased a new position in Green Dot during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.
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.
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