Green Dot (NYSE:GDOT) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Green Dot Corporation (NYSE:GDOT)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $12.69 and traded as high as $13.24. Green Dot shares last traded at $13.0480, with a volume of 238,917 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th. Zacks Research downgraded Green Dot from a “hold” rating to a “strong sell” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Green Dot has an average rating of “Reduce” and a consensus target price of $16.12.

Green Dot Stock Down 4.1%

The firm’s 50-day moving average price is $13.29 and its two-hundred day moving average price is $12.69. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $698.70 million, a PE ratio of -24.04 and a beta of 0.82.

Green Dot (NYSE:GDOT) last posted its earnings results on Monday, August 10th. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). Green Dot had a negative net margin of 1.14% and a positive return on equity of 6.92%. The company had revenue of $591.29 million during the quarter, compared to analysts’ expectations of $541.16 million. As a group, equities research analysts expect that Green Dot Corporation will post 1.32 EPS for the current fiscal year.

Institutional Trading of Green Dot

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Green Dot by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,058,944 shares of the financial services provider’s stock worth $34,322,000 after buying an additional 222,293 shares during the period. CenterBook Partners LP boosted its holdings in shares of Green Dot by 406.7% in the fourth quarter. CenterBook Partners LP now owns 1,233,176 shares of the financial services provider’s stock valued at $15,797,000 after acquiring an additional 989,823 shares during the period. Newtyn Management LLC grew its position in shares of Green Dot by 743.7% during the second quarter. Newtyn Management LLC now owns 1,203,203 shares of the financial services provider’s stock worth $16,255,000 after acquiring an additional 1,060,598 shares during the last quarter. Walmart Inc. purchased a new position in shares of Green Dot during the second quarter worth approximately $13,172,000. Finally, M3F Inc. acquired a new position in shares of Green Dot in the 1st quarter valued at $8,402,000. 92.56% of the stock is owned by institutional investors and hedge funds.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides digital banking, payment and financial services to consumers and businesses in the United States. Through its subsidiaries, including Green Dot Bank, the company offers checking and savings accounts, prepaid debit cards, mobile banking tools, direct deposit services and money-transfer products.

Green Dot markets products under its own brands, including GO2bank, and provides program management and banking services for business partners.