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

Shares of Green Dot Co. (NYSE:GDOT) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $10.75.

A number of research firms have commented on GDOT. Northland Capmk upgraded Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, March 14th. Barclays cut their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. Keefe, Bruyette & Woods decreased their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Finally, Northland Securities raised shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Wednesday, April 9th.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently bought and sold shares of GDOT. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 101,008 shares during the period. JPMorgan Chase & Co. grew its position in shares of Green Dot by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after buying an additional 78,547 shares during the last quarter. 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 valued at $1,036,000 after purchasing an additional 68,481 shares during the period. FMR LLC boosted its stake in shares of Green Dot by 62.8% during the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Green Dot by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider’s stock valued at $2,775,000 after buying an additional 7,642 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Down 0.4 %

Shares of NYSE GDOT opened at $7.43 on Thursday. The firm has a market cap of $402.93 million, a PE ratio of -7.08 and a beta of 0.87. The company has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $9.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot has a 1 year low of $6.12 and a 1 year high of $13.58.

Green Dot Company Profile

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.