Green Dot (NYSE:GDOT) Upgraded by Craig Hallum to Buy Rating

Craig Hallum upgraded shares of Green Dot (NYSE:GDOT) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat reports. They currently have $14.00 target price on the financial services provider’s stock.

A number of other analysts have also issued reports on the stock. Keefe, Bruyette & Woods lowered their target price 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. Barclays lowered their price objective on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd.

Green Dot Trading Up 16.3 %

Shares of GDOT opened at $7.73 on Friday. The company’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $10.26. The company has a market cap of $415.50 million, a P/E ratio of -7.36 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot has a twelve month low of $6.12 and a twelve month high of $13.58.

Insider Transactions at Green Dot

In related news, insider Topline Capital Management, Ll sold 380,611 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $10.44, for a total value of $3,973,578.84. Following the completion of the transaction, the insider now owns 5,708,126 shares of the company’s stock, valued at $59,592,835.44. The trade was a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $10.54, for a total value of $3,492,313.06. Following the sale, the insider now directly owns 5,376,787 shares in the company, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,180 shares of company stock valued at $10,071,696. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Green Dot

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted 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 valued at $14,324,000 after acquiring an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider’s stock worth $3,885,000 after purchasing an additional 78,547 shares in the last quarter. Barclays PLC lifted its holdings in shares of 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 last quarter. FMR LLC boosted its position in shares of Green Dot by 62.8% in the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Green Dot by 11.8% during the 3rd quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock worth $2,964,000 after buying an additional 26,676 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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.