Short Interest in Green Dot Co. (NYSE:GDOT) Expands By 6.8%

Green Dot Co. (NYSE:GDOT) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,580,000 shares, a growth of 6.8% from the September 15th total of 1,480,000 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average trading volume of 435,300 shares, the days-to-cover ratio is presently 3.6 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on GDOT. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $11.00 target price on shares of Green Dot in a report on Monday, July 22nd. Craig Hallum raised their price target on shares of Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Barclays boosted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Green Dot presently has an average rating of “Hold” and a consensus price target of $10.75.

Green Dot Stock Performance

Shares of NYSE GDOT opened at $11.95 on Friday. The stock has a market capitalization of $635.86 million, a P/E ratio of -25.43 and a beta of 0.92. The stock’s fifty day moving average is $11.18 and its 200 day moving average is $9.99. Green Dot has a 52 week low of $7.30 and a 52 week high of $12.99.

Green Dot (NYSE:GDOT) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Equities research analysts forecast that Green Dot will post 1 earnings per share for the current year.

Insider Buying and Selling

In other Green Dot news, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the acquisition, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the transaction, the insider now owns 6,157,665 shares of the company’s stock, valued at $73,091,483.55. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GDOT. nVerses Capital LLC bought a new position in shares of Green Dot in the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC grew its position in Green Dot by 162.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,609 shares during the last quarter. Headlands Technologies LLC grew its position in Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,293 shares during the last quarter. Quarry LP acquired a new position in Green Dot during the second quarter worth about $32,000. Finally, Torno Capital LLC bought a new position in shares of Green Dot in the second quarter worth about $38,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.