Brokerages Set Green Dot Co. (NYSE:GDOT) Price Target at $10.75

Green Dot Co. (NYSE:GDOT) has earned a consensus rating of “Hold” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.75.

A number of research firms have recently commented on GDOT. Barclays increased their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Craig Hallum raised their price target on Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Friday, October 4th.

Insider Buying and Selling at Green Dot

In related news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now directly owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 2.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Topline Capital Management, Ll bought 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares in the company, 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. Insiders have acquired 334,037 shares of company stock worth $3,862,091 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Green Dot

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock worth $1,036,000 after buying an additional 68,481 shares during the period. Geode Capital Management LLC increased its position in Green Dot by 9.0% during the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock worth $14,324,000 after acquiring an additional 101,008 shares during the period. State Street Corp raised its stake in Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock worth $29,514,000 after purchasing an additional 133,200 shares in the last quarter. Martingale Asset Management L P raised its stake in Green Dot by 3.7% in the 3rd quarter. Martingale Asset Management L P now owns 93,596 shares of the financial services provider’s stock worth $1,096,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in Green Dot by 13.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 114,003 shares of the financial services provider’s stock valued at $1,335,000 after purchasing an additional 13,300 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Stock Performance

Shares of GDOT opened at $10.43 on Tuesday. The stock has a market capitalization of $561.03 million, a price-to-earnings ratio of -9.93 and a beta of 0.91. Green Dot has a 12 month low of $7.70 and a 12 month high of $13.58. The firm has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $10.50. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

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.