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

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

Several other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Green Dot from $12.50 to $11.00 and set a market perform rating on the stock in a research report on Friday, April 5th. TheStreet lowered Green Dot from a c- rating to a d rating in a research report on Thursday, February 1st. Finally, Truist Financial increased their target price on Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $10.75.

Green Dot Trading Up 0.2 %

GDOT stock opened at $9.04 on Wednesday. The firm has a market cap of $477.58 million, a P/E 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. The stock’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $9.34.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $361.72 million for the quarter, compared to analyst estimates of $350.14 million. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. On average, research analysts forecast that Green Dot will post 0.9 EPS for the current fiscal year.

Insider Activity

In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the transaction, the insider now directly owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the transaction, the insider now directly owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Christian Devin Ruppel purchased 33,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $9.06 per share, for a total transaction of $298,980.00. Following the purchase, the executive now directly owns 101,715 shares in the company, valued at approximately $921,537.90. The disclosure for this purchase can be found here. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On Green Dot

A number of institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in Green Dot by 98.3% in the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,415 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Green Dot by 11.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after acquiring an additional 97,040 shares during the period. DGS Capital Management LLC acquired a new stake in Green Dot during the 1st quarter worth about $139,000. Quadrature Capital Ltd boosted its position in Green Dot by 111.7% during the 4th quarter. Quadrature Capital Ltd now owns 62,681 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 33,068 shares during the period. Finally, HST Ventures LLC boosted its position in Green Dot by 40.9% during the 4th quarter. HST Ventures LLC now owns 219,271 shares of the financial services provider’s stock worth $2,171,000 after acquiring an additional 63,627 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

About Green Dot

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.