Prosperitas Financial LLC purchased a new position in shares of Green Dot Corporation (NYSE:GDOT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 77,952 shares of the financial services provider’s stock, valued at approximately $999,000.
Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Green Dot during the third quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of Green Dot by 23.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,221 shares during the period. Caxton Associates LLP acquired a new stake in shares of Green Dot during the first quarter worth approximately $96,000. OLD National Bancorp IN acquired a new stake in shares of Green Dot during the fourth quarter worth approximately $128,000. Finally, Zacks Investment Management acquired a new stake in shares of Green Dot during the third quarter worth approximately $188,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on GDOT shares. Craig Hallum restated a “buy” rating and set a $18.00 price target on shares of Green Dot in a report on Tuesday, March 17th. Wall Street Zen upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Green Dot currently has an average rating of “Hold” and an average price target of $14.75.
Green Dot Price Performance
Shares of GDOT opened at $12.43 on Tuesday. The firm has a market cap of $690.51 million, a PE ratio of -6.98 and a beta of 0.86. The firm’s 50 day moving average price is $11.66 and its 200 day moving average price is $12.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot Corporation has a twelve month low of $8.95 and a twelve month high of $15.41.
Green Dot (NYSE:GDOT – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.24. The firm had revenue of $652.03 million for the quarter, compared to analyst estimates of $597.39 million. Green Dot had a negative net margin of 4.75% and a positive return on equity of 6.93%. As a group, research analysts expect that Green Dot Corporation will post 1.09 EPS for the current fiscal year.
Green Dot Company Profile
Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.
Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.
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