Green Dot (NYSE:GDOT) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Green Dot shares moved above their 200-day moving average, reaching $13.40 and last trading at $13.38 versus the $12.57 average.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating, a $16.12 target price, and recent downgrades to “strong sell,” despite one Buy rating.
• Green Dot missed quarterly earnings expectations, reporting $0.26 per share versus the $0.37 consensus, though revenue exceeded forecasts at $591.29 million. Institutional investors own a substantial 92.56% of the company.

Green Dot Corporation (NYSE:GDOT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GDOT. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Green Dot in a report on Friday, July 17th. Zacks Research lowered Green Dot from a "hold" rating to a "strong sell" rating in a research report 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $16.12.

Green Dot Stock Performance

The stock has a market capitalization of $762.53 million, a P/E ratio of -26.24 and a beta of 0.82. The company's 50-day moving average is $13.35 and its two-hundred day moving average is $12.57. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT - Get Free Report) last announced 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). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The business had revenue of $591.29 million for the quarter, compared to the consensus estimate of $541.16 million. As a group, sell-side analysts anticipate that Green Dot Corporation will post 1.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Green Dot

A number of institutional investors have recently added to or reduced their stakes in GDOT. Topline Capital Management LLC raised its stake in shares of Green Dot by 7.2% in the 2nd quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider's stock worth $53,526,000 after buying an additional 331,817 shares in the last quarter. No Street GP LP grew its holdings in 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 acquiring an additional 2,400,000 shares during the period. Steel Partners Holdings L.P. bought a new stake in Green Dot in the fourth quarter worth about $48,332,000. Dimensional Fund Advisors LP raised its position in Green Dot by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider's stock worth $34,322,000 after acquiring an additional 222,293 shares in the last quarter. Finally, CenterBook Partners LP lifted its holdings in Green Dot by 406.7% in the 4th quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider's stock valued at $15,797,000 after acquiring an additional 989,823 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.