Green Dot (NYSE:GDOT) Shares Break Above 200 Day Moving Average – Time to Sell?

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 $12.52 and traded as high as $12.89. Green Dot shares last traded at $12.75, with a volume of 481,384 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, October 15th. Zacks Research raised Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.12.

Green Dot Stock Up 2.4%

The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $12.52. The stock has a market capitalization of $726.62 million, a PE ratio of -25.00 and a beta of 0.93.

Green Dot (NYSE:GDOT) last announced its earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share (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 business had revenue of $591.29 million for the quarter, compared to analysts’ expectations of $541.16 million. As a group, sell-side analysts forecast that Green Dot Corporation will post 1.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Green Dot by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider’s stock valued at $34,322,000 after purchasing an additional 222,293 shares in the last quarter. Newtyn Management LLC raised its position in shares of Green Dot by 743.7% in the second quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider’s stock worth $16,255,000 after buying an additional 1,060,598 shares in the last quarter. Walmart Inc. purchased a new stake in shares of Green Dot in the second quarter worth $13,172,000. Caxton Associates LLP raised its position in shares of Green Dot by 399.3% in the first quarter. Caxton Associates LLP now owns 426,789 shares of the financial services provider’s stock worth $4,789,000 after buying an additional 341,315 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in Green Dot by 167.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 330,200 shares of the financial services provider’s stock valued at $3,705,000 after buying an additional 206,600 shares during the period. Institutional investors own 92.56% of the company’s stock.

About Green Dot

Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.

Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.