Green Dot (NYSE:GDOT) Stock Crosses Above 200 Day Moving Average - Time to Sell?

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 $8.96 and traded as high as $10.96. Green Dot shares last traded at $10.60, with a volume of 422,593 shares trading hands.

Wall Street Analysts Forecast Growth

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

Green Dot Stock Down 0.1%

The company has a market cap of $588.43 million, a PE ratio of -82.46 and a beta of 0.76. The stock's 50 day moving average price is $9.89 and its 200-day moving average price is $8.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.58 and a current ratio of 0.58.

Green Dot (NYSE:GDOT - Get Free Report) last announced 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 company had revenue of $555.96 million during the quarter, compared to analysts' expectations of $503.20 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm's revenue was up 23.6% on a year-over-year basis. On average, analysts predict that Green Dot Corporation will post 0.87 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Green Dot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. Proficio Capital Partners LLC bought a new stake in Green Dot during the 4th quarter valued at $294,000. Amundi raised its holdings in Green Dot by 209.4% during the 4th quarter. Amundi now owns 27,754 shares of the financial services provider's stock valued at $295,000 after buying an additional 18,783 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Green Dot by 2.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,372 shares of the financial services provider's stock valued at $1,525,000 after buying an additional 3,152 shares during the last quarter. Swiss National Bank raised its holdings in Green Dot by 2.5% during the 4th quarter. Swiss National Bank now owns 95,100 shares of the financial services provider's stock valued at $1,012,000 after buying an additional 2,300 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Green Dot by 118.1% during the 4th quarter. Intech Investment Management LLC now owns 43,643 shares of the financial services provider's stock valued at $464,000 after buying an additional 23,636 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

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.