Green Dot Corporation (NYSE:GDOT) Given Consensus Recommendation of “Hold” by Analysts

Green Dot Corporation (NYSE:GDOT) has been given an average recommendation of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.1250.

GDOT has been the subject of several research analyst reports. Craig Hallum reissued a “buy” rating and issued a $18.00 target price on shares of Green Dot in a research report on Tuesday, March 17th. Zacks Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st.

Green Dot Stock Up 0.3%

Shares of GDOT stock traded up $0.04 during mid-day trading on Friday, reaching $13.35. 170,441 shares of the company were exchanged, compared to its average volume of 485,021. Green Dot has a fifty-two week low of $9.31 and a fifty-two week high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $756.68 million, a P/E ratio of -10.11 and a beta of 0.83. The business’s 50 day simple moving average is $12.93 and its 200 day simple moving average is $12.29.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.24. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. The firm had revenue of $652.03 million for the quarter, compared to analysts’ expectations of $597.39 million. Research analysts predict that Green Dot will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Green Dot

Several large investors have recently added to or reduced their stakes in GDOT. Rangeley Capital LLC acquired a new position in Green Dot in the first quarter worth $1,826,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of Green Dot by 167.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 330,200 shares of the financial services provider’s stock valued at $3,705,000 after buying an additional 206,600 shares during the period. Jacobs Asset Management LLC grew its position in shares of 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 valued at $2,524,000 after buying an additional 120,464 shares during the last quarter. Entropy Technologies LP acquired a new stake in Green Dot during the first quarter worth about $173,000. Finally, Renaissance Technologies LLC lifted its holdings in Green Dot by 167.0% in the first quarter. Renaissance Technologies LLC now owns 61,400 shares of the financial services provider’s stock worth $689,000 after acquiring an additional 38,400 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

About Green Dot

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.