Green Dot Co. (NYSE:GDOT) Short Interest Update

Green Dot Co. (NYSE:GDOT) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,480,000 shares, a decrease of 10.8% from the August 31st total of 1,660,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 466,800 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Capital Management LLC bought a new position in Green Dot in the 1st quarter worth about $4,254,000. American Century Companies Inc. increased its position in Green Dot by 79.0% in the 2nd quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock valued at $3,049,000 after acquiring an additional 142,377 shares during the period. BNP Paribas Financial Markets raised its stake in Green Dot by 41.4% during the 1st quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock valued at $1,471,000 after acquiring an additional 46,179 shares in the last quarter. Quest Partners LLC acquired a new position in Green Dot during the 2nd quarter worth $685,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Green Dot by 40.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 5,390 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Stock Up 0.7 %

NYSE:GDOT opened at $11.67 on Friday. Green Dot has a 52 week low of $7.30 and a 52 week high of $14.10. The company has a market cap of $620.96 million, a PE ratio of -24.83 and a beta of 0.91. The business’s 50 day moving average is $10.69 and its two-hundred day moving average is $9.79.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Green Dot will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GDOT. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

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.