Green Dot Co. (GDOT) Short Interest Update

Green Dot Co. (NYSE:GDOT) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 971,891 shares, a decrease of 36.3% from the November 15th total of 1,526,412 shares. Based on an average daily trading volume, of 455,256 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.1% of the company’s shares are sold short.

In other Green Dot news, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $63.08, for a total transaction of $504,324.60. Following the completion of the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at $11,141,252.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven W. Streit sold 20,490 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $59.96, for a total transaction of $1,228,580.40. Following the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at $10,590,195.16. The disclosure for this sale can be found here. Insiders have sold 220,901 shares of company stock valued at $12,901,958 over the last ninety days. Insiders own 11.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Green Dot by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after acquiring an additional 38,814 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in Green Dot during the third quarter valued at approximately $29,051,000. State Street Corp raised its position in Green Dot by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Boston Advisors LLC bought a new position in Green Dot during the third quarter valued at approximately $5,157,000. Finally, GSA Capital Partners LLP bought a new position in Green Dot during the second quarter valued at approximately $1,319,000. 79.15% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot (GDOT) opened at $61.60 on Wednesday. The firm has a market cap of $3,069.02, a P/E ratio of 35.32 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot has a 52-week low of $23.39 and a 52-week high of $65.88.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. equities analysts expect that Green Dot will post 1.71 EPS for the current year.

A number of research firms have recently issued reports on GDOT. Cowen reissued a “hold” rating and issued a $52.00 price target on shares of Green Dot in a research report on Friday, November 10th. Citigroup lowered shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target for the company. in a research report on Monday, November 13th. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday, November 13th. Deutsche Bank increased their price target on shares of Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price target on shares of Green Dot and gave the stock a “hold” rating in a research report on Monday, November 20th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $53.36.

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About Green Dot

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

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