Shares of Green Dot Co. (NYSE:GDOT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the four analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.75.
A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. Finally, Craig Hallum lifted their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Friday, October 4th.
Check Out Our Latest Stock Report on GDOT
GDOT stock opened at $10.67 on Tuesday. The stock has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $10.47. Green Dot has a twelve month low of $7.70 and a twelve month high of $13.58. The firm has a market capitalization of $572.82 million, a PE ratio of -10.16 and a beta of 0.91. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.
In other news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, for a total transaction of $1,925,824.41. Following the acquisition, the insider now directly owns 6,157,665 shares of the company's stock, valued at $73,091,483.55. This represents a 2.71 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Topline Capital Management, Ll bought 36,671 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company's stock, valued at $74,882,820.78. This trade represents a 0.62 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 334,037 shares of company stock valued at $3,862,091. Corporate insiders own 1.10% of the company's stock.
Several hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new position in Green Dot in the second quarter worth about $25,000. Nisa Investment Advisors LLC raised its holdings in Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock worth $25,000 after buying an additional 1,609 shares during the last quarter. Quarry LP purchased a new position in shares of Green Dot in the second quarter worth $32,000. Headlands Technologies LLC boosted its holdings in shares of Green Dot by 44.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 1,214 shares during the last quarter. Finally, Torno Capital LLC purchased a new stake in Green Dot during the 2nd quarter valued at $38,000. 92.56% of the stock is owned by hedge funds and other institutional investors.
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.
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