Green Dot (NYSE:GDOT) Shares Pass Above 200 Day Moving Average - What's Next?

Green Dot Corporation (NYSE:GDOT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.96 and traded as high as $10.96. Green Dot shares last traded at $10.60, with a volume of 422,593 shares traded.

Analyst Ratings Changes

Several research analysts have commented on GDOT shares. Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a research note on Friday, March 14th. Barclays raised their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Northland Securities upgraded Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Northland Capmk upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Green Dot currently has an average rating of "Moderate Buy" and an average target price of $11.50.

Green Dot Trading Up 1.6%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $590.62 million, a P/E ratio of -82.76 and a beta of 0.76. The stock has a 50-day moving average price of $9.84 and a two-hundred day moving average price of $8.96.

Green Dot (NYSE:GDOT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.36. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The business had revenue of $555.96 million for the quarter, compared to the consensus estimate of $503.20 million. During the same period in the previous year, the firm earned $0.59 EPS. The company's quarterly revenue was up 23.6% compared to the same quarter last year. On average, research analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Christian Devin Ruppel sold 10,189 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $11.00, for a total value of $112,079.00. Following the sale, the insider directly owned 253,139 shares of the company's stock, valued at $2,784,529. This represents a 3.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Green Dot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Topline Capital Management LLC bought a new position in Green Dot during the 4th quarter valued at approximately $57,209,000. Vanguard Group Inc. boosted its position in shares of Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock valued at $38,141,000 after buying an additional 71,534 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after buying an additional 363,831 shares in the last quarter. Geode Capital Management LLC raised its position in Green Dot by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock worth $13,173,000 after buying an additional 14,771 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Green Dot by 18.5% during the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock valued at $10,415,000 after acquiring an additional 193,016 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.