Green Dot Corporation (GDOT) – What Are Brokerages Thinking About This Stock?

Shares of Green Dot Corporation (NYSE:GDOT) have received an average rating of “Hold” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.12.

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Thursday, October 15th. Zacks Research raised shares of Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th.

Hedge Funds Weigh In On Green Dot

Large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Green Dot during the second quarter worth $26,000. Abel Hall LLC purchased a new position in Green Dot in the third quarter valued at $125,000. OLD National Bancorp IN raised its position in shares of Green Dot by 17.6% in the first quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,763 shares during the period. Entropy Technologies LP acquired a new position in shares of Green Dot in the first quarter worth about $173,000. Finally, Strs Ohio raised its position in shares of Green Dot by 10.0% in the first quarter. Strs Ohio now owns 55,100 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 5,000 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Performance

Shares of GDOT stock opened at $12.16 on Tuesday. The stock has a market cap of $693.00 million, a PE ratio of -23.84 and a beta of 0.83. The business has a 50-day simple moving average of $12.87 and a 200-day simple moving average of $12.52. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07. Green Dot has a 52-week low of $10.10 and a 52-week high of $13.75.

Green Dot (NYSE:GDOT) last posted its earnings results on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). The company had revenue of $591.29 million for the quarter, compared to analyst estimates of $541.16 million. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. On average, equities analysts expect that Green Dot will post 1.32 EPS for the current year.

About Green Dot

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.