Green Dot Co. (NYSE:GDOT) Short Interest Down 15.6% in May

Green Dot Co. (NYSE:GDOT - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,520,000 shares, a drop of 15.6% from the April 30th total of 1,800,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 1.4 days.

Insider Activity at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the sale, the insider now owns 253,139 shares in the company, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Green Dot by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after purchasing an additional 363,831 shares in the last quarter. Walmart Inc. acquired a new stake in shares of Green Dot in the fourth quarter valued at about $10,374,000. Wellington Management Group LLP purchased a new position in shares of Green Dot in the fourth quarter worth about $2,048,000. ProShare Advisors LLC boosted its position in Green Dot by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock worth $172,000 after acquiring an additional 5,089 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Green Dot by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock valued at $2,775,000 after acquiring an additional 7,642 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Price Performance

NYSE GDOT traded up $0.35 during trading hours on Friday, reaching $9.58. The company's stock had a trading volume of 683,925 shares, compared to its average volume of 648,373. The firm has a market capitalization of $525.58 million, a price-to-earnings ratio of -9.12 and a beta of 0.73. The company's 50-day moving average is $8.56 and its two-hundred day moving average is $8.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot has a 1-year low of $6.12 and a 1-year high of $13.58.

Green Dot (NYSE:GDOT - Get Free Report) last announced its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period in the prior year, the company posted $0.59 EPS. The business's quarterly revenue was up 23.6% on a year-over-year basis. On average, equities analysts predict that Green Dot will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

GDOT has been the subject of a number of recent research reports. 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 report on Wednesday, April 9th. 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 report on Friday, March 14th. Keefe, Bruyette & Woods lowered their target price on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

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.