Green Dot Corporation (NYSE:GDOT) Short Interest Update

Green Dot Corporation (NYSE:GDOT) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,138,907 shares, a decrease of 24.6% from the December 15th total of 1,511,054 shares. Based on an average trading volume of 549,026 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 549,026 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GDOT. William Blair reiterated a “market perform” rating on shares of Green Dot in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Northland Capmk cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Green Dot has a consensus rating of “Reduce” and an average target price of $12.56.

Green Dot Stock Performance

NYSE GDOT traded down $0.22 on Monday, hitting $12.08. The stock had a trading volume of 1,279,394 shares, compared to its average volume of 601,649. The company’s 50-day moving average is $12.45 and its two-hundred day moving average is $12.43. Green Dot has a one year low of $6.12 and a one year high of $15.41. The stock has a market cap of $669.47 million, a price-to-earnings ratio of -14.21 and a beta of 0.82. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07.

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

Insider Buying and Selling at Green Dot

In related news, Director Saturnino Sixto Fanlo sold 13,451 shares of Green Dot stock in a transaction dated 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 in the company, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Chris Brewster sold 7,969 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. This represents a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Green Dot

Several institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of Green Dot by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,416,163 shares of the financial services provider’s stock worth $15,266,000 after buying an additional 182,113 shares in the last quarter. Strs Ohio bought a new position in Green Dot during the first quarter valued at about $603,000. Arrowstreet Capital Limited Partnership raised its position in Green Dot by 403.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider’s stock worth $13,185,000 after acquiring an additional 980,012 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Green Dot by 785.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 212,044 shares of the financial services provider’s stock worth $2,848,000 after acquiring an additional 188,093 shares in the last quarter. Finally, Icon Advisers Inc. Co. lifted its holdings in Green Dot by 64.5% in the 2nd quarter. Icon Advisers Inc. Co. now owns 71,452 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 28,017 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.