Green Dot Co. (NYSE:GDOT) Short Interest Down 32.7% in March

Green Dot Co. (NYSE:GDOT) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,020,000 shares, a decline of 32.7% from the March 15th total of 3,000,000 shares. Based on an average daily volume of 957,300 shares, the short-interest ratio is presently 2.1 days. Approximately 4.2% of the shares of the company are sold short.

Green Dot Trading Down 0.2 %

NYSE:GDOT opened at $7.41 on Friday. The business has a fifty day moving average of $7.86 and a 200-day moving average of $9.53. The stock has a market cap of $401.57 million, a price-to-earnings ratio of -7.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.52 and a current ratio of 0.52. Green Dot has a 1 year low of $6.12 and a 1 year high of $13.58.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GDOT shares. Northland Capmk upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Wednesday, April 9th. Barclays lowered their price objective on Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Finally, Craig Hallum raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Green Dot presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.75.

Institutional Trading of Green Dot

A number of institutional investors have recently made changes to their positions in GDOT. Whipplewood Advisors LLC lifted its position in Green Dot by 41,091.6% in the first quarter. Whipplewood Advisors LLC now owns 39,132 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 39,037 shares during the period. GAMMA Investing LLC grew its holdings in Green Dot by 152.0% during the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 3,416 shares during the period. Wellington Management Group LLP bought a new stake in Green Dot in the fourth quarter worth about $2,048,000. Mackenzie Financial Corp bought a new position in shares of Green Dot during the 4th quarter valued at about $291,000. Finally, ProShare Advisors LLC grew its stake in shares of Green Dot by 45.8% in the 4th quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 5,089 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

About Green Dot

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.