Green Dot Corporation (NYSE:GDOT – Get Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.57 and traded as high as $13.40. Green Dot shares last traded at $13.38, with a volume of 329,083 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on GDOT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th. Zacks Research lowered shares of Green Dot from a “hold” rating to a “strong sell” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Green Dot has a consensus rating of “Reduce” and an average price target of $16.12.
View Our Latest Stock Analysis on Green Dot
Green Dot Stock Performance
Green Dot (NYSE:GDOT – Get Free Report) last released its earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). The business had revenue of $591.29 million for the quarter, compared to analysts’ expectations of $541.16 million. Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. Research analysts forecast that Green Dot Corporation will post 1.32 earnings per share for the current year.
Institutional Investors Weigh In On Green Dot
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 1,341 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Green Dot during the 1st quarter valued at $96,000. Empowered Funds LLC raised its holdings in shares of Green Dot by 7.2% during the 1st quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 13,437 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Green Dot by 235.6% in the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock valued at $3,777,000 after purchasing an additional 314,208 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Green Dot in the 2nd quarter valued at $287,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.
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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