Green Dot (NYSE:GDOT) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Green Dot Corporation (NYSE:GDOT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.00 and traded as high as $13.10. Green Dot shares last traded at $12.8350, with a volume of 824,742 shares.

Wall Street Analysts Forecast Growth

GDOT has been the topic of a number of analyst reports. Northland Capmk cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Wall Street Zen downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $12.56.

Green Dot Stock Down 1.2%

The business has a fifty day moving average of $12.26 and a 200-day moving average of $12.00. The stock has a market cap of $711.32 million, a PE ratio of -15.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. The business had revenue of $491.85 million during the quarter, compared to analysts’ expectations of $483.84 million. Green Dot had a positive return on equity of 9.81% and a negative net margin of 2.33%.The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. Equities research analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current year.

Insider Activity at Green Dot

In related news, Director J Chris Brewster sold 7,969 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $12.37, for a total value of $98,576.53. Following the completion of the transaction, the director owned 133,215 shares of the company’s stock, valued at $1,647,869.55. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the completion of the transaction, the director directly owned 92,737 shares of the company’s stock, valued at approximately $1,169,413.57. The trade was a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Green Dot in the 1st quarter valued at $5,901,000. Fox Run Management L.L.C. purchased a new stake in shares of Green Dot in the 1st quarter valued at $177,000. American Century Companies Inc. raised its stake in shares of Green Dot by 18.5% during the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider’s stock valued at $10,415,000 after buying an additional 193,016 shares during the last quarter. Versor Investments LP acquired a new position in Green Dot in the first quarter valued at approximately $349,000. Finally, Brooklyn Investment Group boosted its stake in shares of Green Dot by 350,400.0% during the 1st quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 3,504 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, 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.