Brokerages Set Green Dot Corporation (NYSE:GDOT) PT at $16.12

Shares of Green Dot Corporation (NYSE:GDOT) have received a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.1250.

Several brokerages have recently weighed in on GDOT. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th.

Institutional Trading of Green Dot

A number of hedge funds have recently made changes to their positions in the company. Walmart Inc. acquired a new position in shares of Green Dot during the second quarter worth $13,172,000. Rangeley Capital LLC acquired a new stake in Green Dot during the 1st quarter valued at $1,826,000. OMERS ADMINISTRATION Corp grew its holdings in Green Dot by 167.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 330,200 shares of the financial services provider’s stock valued at $3,705,000 after purchasing an additional 206,600 shares in the last quarter. Jacobs Asset Management LLC increased its stake in Green Dot by 115.2% during the 1st quarter. Jacobs Asset Management LLC now owns 225,000 shares of the financial services provider’s stock worth $2,524,000 after buying an additional 120,464 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Green Dot during the 1st quarter worth $173,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Stock Performance

NYSE:GDOT opened at $13.47 on Thursday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $763.48 million, a price-to-earnings ratio of -26.41 and a beta of 0.84. The firm’s fifty day simple moving average is $13.20 and its 200 day simple moving average is $12.40. Green Dot has a twelve month low of $10.10 and a twelve month high of $15.41.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.96%. The company had revenue of $591.29 million during the quarter, compared to analyst estimates of $541.16 million. As a group, equities research analysts expect that Green Dot will post 1.33 earnings per share for the current fiscal year.

Green Dot Company Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.