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

StockNews.com upgraded shares of Green Dot (NYSE:GDOT) from a sell rating to a hold rating in a research note published on Wednesday.

A number of other research firms also recently commented on GDOT. Keefe, Bruyette & Woods dropped their price objective on 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 report on Thursday, February 1st. Finally, Truist Financial increased their price target on Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Green Dot has an average rating of Hold and a consensus price target of $10.75.

Green Dot Trading Up 0.2 %

NYSE GDOT opened at $9.04 on Wednesday. The stock has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $9.34. The company has a market capitalization of $477.58 million, a PE ratio of 69.54 and a beta of 1.04. Green Dot has a 12 month low of $7.30 and a 12 month high of $21.37.

Green Dot (NYSE:GDOT) last released 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 business had revenue of $361.72 million during the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. As a group, sell-side analysts predict that Green Dot will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Principal Co Lp Starboard sold 75,729 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the transaction, the insider now directly owns 270,207 shares of the company’s stock, valued at $2,318,376.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Principal Co Lp Starboard sold 75,729 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the transaction, the insider now directly owns 270,207 shares of the company’s stock, valued at $2,318,376.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction that occurred 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 transaction, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The disclosure for this purchase can be found here. 11.80% of the stock is owned by corporate insiders.

Institutional Trading of Green Dot

A number of hedge funds have recently made changes to their positions in GDOT. Assenagon Asset Management S.A. increased its stake in shares of Green Dot by 360.7% during the third quarter. Assenagon Asset Management S.A. now owns 777,929 shares of the financial services provider’s stock worth $10,837,000 after purchasing an additional 609,084 shares during the period. Wellington Management Group LLP bought a new position in shares of Green Dot during the third quarter worth approximately $7,869,000. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Green Dot by 54.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock worth $5,914,000 after purchasing an additional 209,818 shares during the period. BNP Paribas Financial Markets increased its stake in Green Dot by 428.0% during the 4th quarter. BNP Paribas Financial Markets now owns 111,524 shares of the financial services provider’s stock worth $1,104,000 after acquiring an additional 90,402 shares during the period. Finally, Hsbc Holdings PLC increased its stake in Green Dot by 33.3% during the 4th quarter. Hsbc Holdings PLC now owns 340,073 shares of the financial services provider’s stock worth $3,408,000 after acquiring an additional 84,894 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

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.