Green Dot (NYSE:GDOT) Rating Increased to Hold at StockNews.com

Green Dot (NYSE:GDOTGet Free Report) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

GDOT has been the subject of a number of other reports. Keefe, Bruyette & Woods reduced their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. TheStreet downgraded Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Finally, Truist Financial raised their price objective on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.75.

Check Out Our Latest Stock Analysis on GDOT

Green Dot Stock Down 4.2 %

Shares of NYSE GDOT traded down $0.41 during trading on Friday, reaching $9.52. 950,334 shares of the company traded hands, compared to its average volume of 519,472. The firm has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $9.10. Green Dot has a 52-week low of $7.30 and a 52-week high of $21.37. The stock has a market capitalization of $502.68 million, a PE ratio of 73.20 and a beta of 1.03.

Green Dot (NYSE:GDOTGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. As a group, research analysts predict that Green Dot will post 0.9 EPS for the current year.

Insider Buying and Selling

In other news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the sale, the insider now directly owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Christian Devin Ruppel acquired 33,000 shares of Green Dot stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. Headlands Technologies LLC grew its position in shares of Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,293 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Green Dot by 98.3% in 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. Meeder Asset Management Inc. bought a new position in shares of Green Dot during the fourth quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC increased its holdings in Green Dot by 39.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,074 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Green Dot by 65.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock worth $86,000 after buying an additional 2,434 shares in the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

About Green Dot

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Green Dot (NYSE:GDOT)

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.