Green Dot (NYSE:GDOT) Shares Break Above 200 Day Moving Average – Time to Sell?

Green Dot Corporation (NYSE:GDOT – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $12.52 and traded as high as $12.89. Green Dot shares last traded at $12.75, with a volume of 481,384 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GDOT. Zacks Research raised shares of Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.12.

Check Out Our Latest Research Report on Green Dot

Green Dot Price Performance

The firm has a market cap of $726.62 million, a P/E ratio of -25.00 and a beta of 0.93. The business has a fifty day moving average of $12.72 and a 200 day moving average of $12.52. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT – Get Free Report) last posted its earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The business had revenue of $591.29 million for the quarter, compared to analyst estimates of $541.16 million. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. On average, sell-side analysts anticipate that Green Dot Corporation will post 1.32 earnings per share for the current year.

Institutional Investors Weigh In On Green Dot

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Green Dot by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider’s stock valued at $34,322,000 after purchasing an additional 222,293 shares during the last quarter. Newtyn Management LLC raised its position in Green Dot by 743.7% in the second quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider’s stock valued at $16,255,000 after purchasing an additional 1,060,598 shares during the last quarter. Walmart Inc. acquired a new stake in shares of Green Dot during the second quarter valued at about $13,172,000. Caxton Associates LLP grew its holdings in shares of Green Dot by 399.3% during the first quarter. Caxton Associates LLP now owns 426,789 shares of the financial services provider’s stock worth $4,789,000 after purchasing an additional 341,315 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Green Dot by 167.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 330,200 shares of the financial services provider’s stock worth $3,705,000 after purchasing an additional 206,600 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

(Get Free Report)

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.

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