Green Dot (NYSE:GDOT) Raised to “Outperform” at Northland Securities

Green Dot (NYSE:GDOT) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $12.00 target price on the financial services provider’s stock. Northland Securities’ price objective would suggest a potential upside of 79.51% from the stock’s previous close.

GDOT has been the subject of several other reports. Keefe, Bruyette & Woods decreased their price objective on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. Craig Hallum raised Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, March 14th. Finally, Barclays cut their target price on Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Stock Down 6.0 %

Shares of NYSE:GDOT opened at $6.69 on Wednesday. Green Dot has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The firm’s 50 day moving average price is $8.13 and its 200 day moving average price is $9.78. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $362.53 million, a price-to-earnings ratio of -6.37 and a beta of 0.87.

Institutional Trading of Green Dot

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Green Dot during the fourth quarter worth approximately $44,000. GAMMA Investing LLC raised its position in Green Dot by 152.0% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 3,416 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Green Dot during the 4th quarter worth $84,000. Caxton Associates LP purchased a new position in Green Dot during the 4th quarter worth $121,000. Finally, New York State Common Retirement Fund increased its stake in Green Dot by 63.1% in the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 4,600 shares during the period. 92.56% of the stock is 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.