Keefe, Bruyette & Woods Issues Pessimistic Forecast for Green Dot (NYSE:GDOT) Stock Price

Green Dot (NYSE:GDOT) had its price objective cut by analysts at Keefe, Bruyette & Woods from $12.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 37.08% from the company’s previous close.

Green Dot Stock Performance

Shares of GDOT stock traded down $0.88 on Friday, reaching $7.30. The stock had a trading volume of 572,165 shares, compared to its average volume of 456,920. The company has a 50 day simple moving average of $9.34 and a 200 day simple moving average of $10.53. Green Dot has a 1 year low of $6.97 and a 1 year high of $13.58. The stock has a market cap of $392.38 million, a P/E ratio of -6.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52.

Insider Activity at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the completion of the transaction, the insider now owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This represents a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll sold 380,611 shares of the 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 sale, the insider now directly owns 5,708,126 shares of the company’s stock, valued at approximately $59,592,835.44. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,180 shares of company stock valued at $10,071,696 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Green Dot

A number of hedge funds and other institutional investors have recently bought and sold shares of GDOT. Geode Capital Management LLC boosted its holdings in Green Dot by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after purchasing an additional 101,008 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Green Dot by 31.0% during the 3rd 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 during the period. Barclays PLC boosted its position in Green Dot by 342.0% in the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 68,481 shares during the last quarter. FMR LLC lifted its position in shares of Green Dot by 62.8% during the third 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 during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider’s stock worth $2,964,000 after acquiring an additional 26,676 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.