BlackRock Fund Advisors recently announced the acquisition of new stake in Green Dot Corporation (NYSE:GDOT). The institutional investor has increased its shareholding in the Financial company by 23.01% to 6.71 million shares with purchase of 1.25 million shares. This fresh investment now brings its stake to 12.66% valued currently at $256.12 million. In addition, Starboard Value LP raised its holdings by 4.96 million to 4.96 million shares. And The Vanguard Group, Inc. has lifted its position by 13.48% or 0.58 million shares – to 4.91 million shares.
With over 0.54 million Green Dot Corporation (GDOT) shares trading Monday and a closing price of $48.45 on the day, the dollar volume was approximately $25.97 million. The shares have shown a negative weekly performance of -5.35% and its price on 07/13/20 lost nearly -1.64%. Currently, there are 51.89M common shares owned by the public and among those 51.70M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for GDOT have a consensus price objective of $41.54. The analysts have set the share’s price value over the next 12 months at a high of $56.00 and a low of $27.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Green Dot Corporation stock is 2.40 for the next 12 months. The average price target is -16.52% below its last price level and a downside to the estimated low will see the stock lose -79.44% over that period. But an upside of 13.48% will see the stock hit the forecast high price target while mean target price for the stock is $40.00.
Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 723,812 shares. Insider sales of the common stock occurred on 28 occasions, with total insider shares sold totaling 178,730 shares.
The top 3 mutual fund holders in Green Dot Corporation are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and T Rowe Price Small Cap Value Fund. iShares Core S&P Small Cap ETF owns 2.82 million shares of the company’s stock, all valued at over $107.71 million. Vanguard Total Stock Market Index sold 27390.0 shares to see its total holdings shrink to 1.32 million shares valued at over $50.49 million and representing 2.50% of the shares outstanding. T Rowe Price Small Cap Value Fund bought 0.23 million shares to bring its total holdings to over 1.26 million shares at a value of $48.19 million. T Rowe Price Small Cap Value Fund now owns shares totaling to 2.38% of the shares outstanding.
Shares of Green Dot Corporation (NYSE: GDOT) opened at $50.48, up $1.22 from a prior closing price of $49.26. However, the script later closed the day at $48.45, down -1.64%. The company’s stock has a 5-day price change of -5.35% and 84.92% over the past three months. GDOT shares are trading 107.94% year to date (YTD), with the 12-month market performance down to -1.12% lower. It has a 12-month low price of $14.20 and touched a high of $52.13 over the same period. Currently, 0.54 million shares have been traded, compared to an average intraday trading volume of 702.55K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.60%, 23.86%, and 62.44% respectively.
Institutional ownership of Green Dot Corporation (NYSE: GDOT) shares accounts for 95.48% of the company’s 51.89M shares outstanding. Mutual fund holders own 41.08%, while other institutional holders and individual stakeholders account for 55.52% and 21.39% respectively.
It has a market capitalization of $2.58B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 31.14, while the earnings-per-share (ttm) stands at $1.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.90% over the week and 5.59% over the month.
Analysts forecast that Green Dot Corporation (GDOT) will achieve an EPS of $0.32 for the current quarter, $0.05 for the next quarter and $2.14 for 2021. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.49. Comparatively, EPS for the current quarter was $0.9 a year ago. Earnings per share for the fiscal year are expected to decrease by -13.90%, and 30.96% over the next financial year. EPS should shrink at an annualized rate of -1.01% over the next five years, compared to 15.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Green Dot Corporation (GDOT) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 8 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GDOT, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on May 12, 2020, with the firm’s price target at $30-$40. BTIG Research coverage for the Green Dot Corporation (GDOT) stock in a research note released on March 26, 2020 offered a Buy rating with a price target of $35. Northland Capital was of a view on March 19, 2020 that the stock is Outperform, while Northland Capital gave the stock Market Perform rating on February 14, 2020, issuing a price target of. Citigroup on their part issued Neutral rating on February 04, 2020.