Green Dot (NYSE:GDOT) Receives Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Green Dot (NYSE:GDOT) in a research report released on Monday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $11.00 price objective on the financial services provider’s stock.

Separately, StockNews.com raised shares of Green Dot from a sell rating to a hold rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Dot presently has a consensus rating of Hold and an average price target of $10.75.

Green Dot Stock Up 3.7 %

GDOT opened at $9.54 on Monday. The company has a market cap of $507.62 million, a price-to-earnings ratio of -20.09 and a beta of 0.96. Green Dot has a 52-week low of $7.30 and a 52-week high of $20.30. The firm’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $9.12.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). The company had revenue of $447.42 million for the quarter, compared to analysts’ expectations of $415.70 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. On average, research analysts forecast that Green Dot will post 1.03 EPS for the current year.

Hedge Funds Weigh In On Green Dot

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in Green Dot by 11.7% during the first quarter. Assenagon Asset Management S.A. now owns 923,176 shares of the financial services provider’s stock worth $8,613,000 after purchasing an additional 97,040 shares during the period. Kent Lake Capital LLC purchased a new stake in shares of Green Dot in the 1st quarter valued at approximately $7,464,000. Charles Schwab Investment Management Inc. raised its stake in shares of Green Dot by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 749,075 shares of the financial services provider’s stock valued at $7,416,000 after acquiring an additional 81,846 shares during the period. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Green Dot by 54.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock valued at $5,914,000 after acquiring an additional 209,818 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of Green Dot in the 3rd quarter valued at approximately $7,869,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Company Profile

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.