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

Shares of Green Dot Corporation (NYSE:GDOT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.49 and traded as high as $13.40. Green Dot shares last traded at $13.36, with a volume of 206,137 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GDOT shares. Zacks Research lowered Green Dot from a “hold” rating to a “strong sell” rating in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research note on Friday, July 17th. One equities 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 company. Based on data from MarketBeat, Green Dot currently has an average rating of “Reduce” and a consensus price target of $16.12.

Green Dot Stock Up 0.3%

The firm’s fifty day moving average is $13.33 and its 200-day moving average is $12.50. The company has a market capitalization of $764.24 million, a P/E ratio of -26.29 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.45.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Monday, August 10th. The financial services provider reported $0.26 EPS 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 company had revenue of $591.29 million during the quarter, compared to the consensus estimate of $541.16 million. As a group, equities research analysts predict that Green Dot Corporation will post 1.32 EPS for the current year.

Hedge Funds Weigh In On Green Dot

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 purchasing an additional 1,341 shares in the last quarter. Caxton Associates LLP bought a new position in Green Dot in the 1st quarter valued at approximately $96,000. Empowered Funds LLC boosted its position in Green Dot by 7.2% during the 1st quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock worth $1,679,000 after buying an additional 13,437 shares during the period. Jane Street Group LLC boosted its position in Green Dot by 235.6% during the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock worth $3,777,000 after buying an additional 314,208 shares during the period. Finally, Creative Planning bought a new stake in Green Dot during the 2nd quarter worth approximately $287,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

About Green Dot

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.