Green Dot (NYSE:GDOT – Get Free Report) had its target price upped by equities researchers at Truist Financial from $10.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price would suggest a potential upside of 36.82% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. TheStreet cut shares of Green Dot from a “c-” rating to a “d” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods lowered their price target on shares of Green Dot from $15.00 to $12.50 and set a “market perform” rating on the stock in a report on Wednesday. Barclays cut shares of Green Dot from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $7.00 in a report on Thursday, December 14th. Finally, Craig Hallum cut shares of Green Dot from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.13.
Check Out Our Latest Research Report on GDOT
Green Dot Stock Down 2.1 %
Shares of Green Dot stock opened at $8.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.41 and a quick ratio of 0.40. Green Dot has a 1 year low of $7.30 and a 1 year high of $21.37. The firm’s 50-day moving average is $9.00 and its two-hundred day moving average is $10.92. The stock has a market cap of $421.70 million, a price-to-earnings ratio of 61.85 and a beta of 1.04.
Hedge Funds Weigh In On Green Dot
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Green Dot by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 6,009,064 shares of the financial services provider’s stock valued at $165,128,000 after purchasing an additional 349,720 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Green Dot by 48.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,934,157 shares of the financial services provider’s stock valued at $46,419,000 after purchasing an additional 954,860 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Green Dot by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,432,444 shares of the financial services provider’s stock valued at $45,584,000 after purchasing an additional 199,253 shares during the last quarter. State Street Corp raised its position in Green Dot by 3.3% during the 2nd quarter. State Street Corp now owns 2,119,294 shares of the financial services provider’s stock worth $39,716,000 after buying an additional 68,660 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Green Dot by 11.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,918,976 shares of the financial services provider’s stock worth $48,185,000 after buying an additional 202,042 shares during the last quarter. 92.12% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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Source: americanbankingnews.com
