Green Dot Co. (NYSE:GDOT – Get Free Report) has been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $23.71.
A number of research firms have recently commented on GDOT. Truist Financial increased their price objective on Green Dot from $22.00 to $24.00 in a report on Wednesday, July 19th. Needham & Company LLC lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. BTIG Research started coverage on shares of Green Dot in a research report on Tuesday, June 13th. They set a “neutral” rating for the company. Finally, StockNews.com cut shares of Green Dot from a “buy” rating to a “hold” rating in a report on Friday.
Green Dot Stock Down 13.8 %
Shares of NYSE:GDOT opened at $16.52 on Wednesday. The firm’s 50 day moving average price is $19.10 and its 200-day moving average price is $17.95. The stock has a market capitalization of $859.70 million, a PE ratio of 14.24 and a beta of 1.04. Green Dot has a twelve month low of $14.96 and a twelve month high of $26.08.
Hedge Funds Weigh In On Green Dot
A number of institutional investors have recently modified their holdings of the company. Martingale Asset Management L P boosted its stake in shares of Green Dot by 26.6% during the fourth quarter. Martingale Asset Management L P now owns 60,589 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 12,714 shares in the last quarter. Citigroup Inc. raised its stake in Green Dot by 13.6% during the fourth quarter. Citigroup Inc. now owns 37,363 shares of the financial services provider’s stock valued at $591,000 after buying an additional 4,486 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Green Dot during the fourth quarter valued at $1,595,000. Ziegler Capital Management LLC lifted its position in shares of Green Dot by 42.5% in the first quarter. Ziegler Capital Management LLC now owns 52,490 shares of the financial services provider’s stock worth $902,000 after buying an additional 15,648 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Green Dot by 15.6% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 784,491 shares of the financial services provider’s stock valued at $12,411,000 after acquiring an additional 105,768 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.
About Green Dot
Green Dot Corporation, a financial technology and 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 offers 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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