Green Dot Corporation (NYSE:GDOT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.31 and traded as high as $13.37. Green Dot shares last traded at $13.2980, with a volume of 264,672 shares traded.
Analysts Set New Price Targets
GDOT has been the topic of a number of recent research reports. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.12.
Read Our Latest Stock Report on Green Dot
Green Dot Trading Up 1.3%
Green Dot (NYSE:GDOT – Get Free Report) last issued its earnings results on Monday, May 11th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.88 by $0.24. The company had revenue of $652.03 million for the quarter, compared to the consensus estimate of $597.39 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%. As a group, research analysts anticipate that Green Dot Corporation will post 1.33 EPS for the current year.
Institutional Investors Weigh In On Green Dot
A number of large investors have recently bought and sold shares of GDOT. Steel Partners Holdings L.P. bought a new position in shares of Green Dot in the fourth quarter valued at about $48,332,000. No Street GP LP lifted its position in shares of Green Dot by 150.0% during the third quarter. No Street GP LP now owns 4,000,000 shares of the financial services provider’s stock worth $53,720,000 after purchasing an additional 2,400,000 shares in the last quarter. Western Standard LLC grew its stake in shares of Green Dot by 196.8% during the fourth quarter. Western Standard LLC now owns 1,977,500 shares of the financial services provider’s stock valued at $25,332,000 after purchasing an additional 1,311,170 shares during the last quarter. CenterBook Partners LP increased its holdings in shares of Green Dot by 406.7% in the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock valued at $15,797,000 after purchasing an additional 989,823 shares in the last quarter. Finally, Oberweis Asset Management Inc. bought a new position in Green Dot in the 3rd quarter worth approximately $13,031,000. 92.56% of the stock is currently owned by institutional investors.
Green Dot Company Profile
Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.
Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.
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