Are Green Dot (NYSE:GDOT) Shares Worth Your Time and Dime Following Recent BTIG Research Downgrade?

June 18, 2018 - By Kurt Siggers

Green Dot Corporation (NYSE:GDOT) Logo

Investors sentiment decreased to 1.24 in 2018 Q1. Its down 0.25, from 1.49 in 2017Q4. It worsened, as 13 investors sold Green Dot Corporation shares while 80 reduced holdings. 45 funds opened positions while 70 raised stakes. 40.91 million shares or 2.20% more from 40.03 million shares in 2017Q4 were reported.

Engineers Gate Manager Lp reported 3,700 shares stake. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems holds 4,317 shares or 0% of its portfolio. Apg Asset Nv holds 0.02% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 164,800 shares. Fny Managed Accounts Ltd Com holds 44 shares. Manufacturers Life Ins Company The holds 0% or 34,210 shares in its portfolio. Friess Associate Ltd Liability accumulated 106,139 shares or 0.56% of the stock. 3,640 are held by Ipg Limited Co. Piermont Capital Incorporated, a Missouri-based fund reported 64,019 shares. Omers Administration Corporation accumulated 0.01% or 15,100 shares. Qs Invsts Limited Liability Corp stated it has 0% of its portfolio in Green Dot Corporation (NYSE:GDOT). Maryland-based Brown Advisory has invested 0% in Green Dot Corporation (NYSE:GDOT). State Of Alaska Department Of Revenue owns 14,902 shares for 0.02% of their portfolio. Thrivent Fincl For Lutherans reported 31,059 shares. Sheets Smith Wealth Mgmt reported 6,437 shares. United Automobile Association invested in 8,415 shares.

Since January 2, 2018, it had 0 insider buys, and 42 selling transactions for $44.46 million activity. 10,000 shares valued at $769,690 were sold by Shifke Mark L on Monday, June 11. Unruh Jess sold $396,550 worth of stock or 5,665 shares. Date Rajeev V sold $236,897 worth of stock or 3,310 shares. Dent Mary sold $145,959 worth of Green Dot Corporation (NYSE:GDOT) on Wednesday, May 30. $345,126 worth of Green Dot Corporation (NYSE:GDOT) was sold by Ricci John C on Monday, May 14. $1.72 million worth of Green Dot Corporation (NYSE:GDOT) was sold by Archer Kuan.

Green Dot (NYSE:GDOT) Receives a Downgrade

Shares of Green Dot (NYSE:GDOT) were lowered to a Neutral by research analysts at BTIG Research. GDOT’s rating of a Buy has been discontinued.

Green Dot Corporation (NYSE:GDOT) Ratings Coverage

Among 7 analysts covering Green Dot (NYSE:GDOT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Green Dot has $8000 highest and $55.0 lowest target. $70.83’s average target is -9.45% below currents $78.22 stock price. Green Dot had 11 analyst reports since January 12, 2018 according to SRatingsIntel. As per Friday, March 2, the company rating was maintained by Cowen & Co. On Thursday, February 22 the stock rating was maintained by Citigroup with “Buy”. The stock of Green Dot Corporation (NYSE:GDOT) has “Market Perform” rating given on Thursday, February 22 by Cowen & Co. The stock of Green Dot Corporation (NYSE:GDOT) has “Buy” rating given on Tuesday, February 13 by Citigroup. On Tuesday, March 13 the stock rating was downgraded by Compass Point to “Neutral”. The company was maintained on Thursday, March 22 by Northland Capital. Craig Hallum maintained the shares of GDOT in report on Thursday, February 22 with “Buy” rating. The stock of Green Dot Corporation (NYSE:GDOT) has “Buy” rating given on Monday, February 26 by Guggenheim. As per Thursday, February 22, the company rating was maintained by Morgan Stanley. Craig Hallum maintained Green Dot Corporation (NYSE:GDOT) on Thursday, May 10 with “Buy” rating.

The stock increased 0.31% or $0.24 during the last trading session, reaching $78.22. About 638,438 shares traded or 70.43% up from the average. Green Dot Corporation (NYSE:GDOT) has risen 97.94% since June 18, 2017 and is uptrending. It has outperformed by 85.37% the S&P500.

Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on August, 14. They expect $0.47 EPS, 0.00 % or $0.00 from last year’s $0.47 per share. GDOT’s profit will be $24.41M for 41.61 P/E if the $0.47 EPS becomes a reality. After $1.24 actual EPS reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts -62.10 % negative EPS growth.

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer technology bank holding firm that provides personal banking for the masses. The company has market cap of $4.06 billion. It offers reloadable prepaid debit cards and cash reload processing services in the United States, as well as mobile banking services with its GoBank mobile checking account. It has a 36.59 P/E ratio. The companyÂ’s products include Green Dot MasterCards, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift and credit cards; and swipe reload products, which enables cash loading and transfer services through Green Dot Network.

More news for Green Dot Corporation (NYSE:GDOT) were recently published by: Nasdaq.com, which released: “3 Fast-Growing Fintech Stocks to Buy” on May 29, 2018. Prnewswire.com‘s article titled: “Crypto Companies Prepare for Inevitable Regulation That Could be the Sector’s Biggest Boon yet” and published on June 14, 2018 is yet another important article.

Green Dot Corporation (NYSE:GDOT) Institutional Positions Chart

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