Green Dot (NYSE:GDOT) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Green Dot Corporation (NYSE:GDOT)’s stock price crossed 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.

Analyst Upgrades and Downgrades

GDOT has been the topic of a number of analyst reports. Zacks Research lowered Green Dot from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $16.12.

Green Dot Trading Down 0.5%

The firm has a 50-day moving average of $13.34 and a 200 day moving average of $12.57. The company has a market cap of $755.91 million, a P/E ratio of -26.01 and a beta of 0.82. 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) last issued 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 during the quarter, compared to the consensus estimate 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, analysts predict that Green Dot Corporation will post 1.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of Green Dot by 23.1% during the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Green Dot by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after buying an additional 1,341 shares during the last quarter. OLD National Bancorp IN grew its holdings in Green Dot by 17.6% during the first quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,763 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Green Dot during the second quarter worth $26,000. Finally, Russell Investments Group Ltd. lifted its stake in Green Dot by 4.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock valued at $662,000 after acquiring an additional 2,412 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

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.