Needham & Company LLC downgraded shares of Green Dot (NYSE:GDOT – Get Rating) from a buy rating to a hold rating in a report released on Monday morning, The Fly reports.
GDOT has been the topic of several other research reports. StockNews.com initiated coverage on shares of Green Dot in a research note on Thursday, March 16th. They issued a hold rating on the stock. Truist Financial reduced their price objective on Green Dot from $24.00 to $22.00 and set a buy rating on the stock in a research note on Monday, February 27th. Finally, Barclays decreased their price target on shares of Green Dot from $21.00 to $19.00 and set an equal weight rating on the stock in a research note on Monday, February 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Green Dot has a consensus rating of Hold and an average target price of $23.43.
Green Dot Trading Down 6.9 %
Shares of GDOT stock opened at $17.51 on Monday. The stock has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $17.61. Green Dot has a 52-week low of $14.96 and a 52-week high of $30.29. The firm has a market capitalization of $905.62 million, a PE ratio of 15.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.37 and a current ratio of 0.37.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of GDOT. Citigroup Inc. lifted its holdings in Green Dot by 2.4% during the 1st quarter. Citigroup Inc. now owns 57,892 shares of the financial services provider’s stock valued at $1,590,000 after buying an additional 1,351 shares in the last quarter. Bank of Montreal Can grew its position in shares of Green Dot by 93.5% during the 1st quarter. Bank of Montreal Can now owns 30,069 shares of the financial services provider’s stock worth $832,000 after buying an additional 14,530 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Green Dot by 56.2% during the first quarter. MetLife Investment Management LLC now owns 28,859 shares of the financial services provider’s stock valued at $793,000 after buying an additional 10,382 shares during the period. Rhumbline Advisers raised its holdings in shares of Green Dot by 1.1% in the first quarter. Rhumbline Advisers now owns 154,241 shares of the financial services provider’s stock valued at $4,239,000 after acquiring an additional 1,728 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Green Dot by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,142 shares of the financial services provider’s stock worth $1,295,000 after acquiring an additional 5,812 shares during the period. Institutional investors own 90.42% of the company’s stock.
Green Dot Company Profile
Green Dot Corp. is a financial technology and registered bank holding company. It engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services, Business to Business (B2B) Services, Money Movement Services, and Corporate and Other.
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