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

Green Dot Co. (NYSE:GDOT) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,960,000 shares, a growth of 10.7% from the July 31st total of 1,770,000 shares. Approximately 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 460,000 shares, the days-to-cover ratio is presently 4.3 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GDOT shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. StockNews.com upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.75.

Hedge Funds Weigh In On Green Dot

Several institutional investors have recently added to or reduced their stakes in GDOT. Nisa Investment Advisors LLC lifted its holdings in Green Dot by 162.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,609 shares during the last quarter. nVerses Capital LLC bought a new position in Green Dot during the 2nd quarter valued at about $25,000. Headlands Technologies LLC lifted its holdings in Green Dot by 89.2% during the 1st quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,293 shares during the last quarter. UMB Bank n.a. lifted its holdings in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Quarry LP bought a new position in Green Dot during the 2nd quarter valued at about $32,000. 92.56% of the stock is owned by institutional investors.

Green Dot Price Performance

Shares of Green Dot stock opened at $11.17 on Friday. Green Dot has a fifty-two week low of $7.30 and a fifty-two week high of $15.16. The firm has a fifty day moving average price of $9.88 and a two-hundred day moving average price of $9.35. The company has a market cap of $594.36 million, a PE ratio of -23.77 and a beta of 0.96.

Green Dot (NYSE:GDOT) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. Analysts expect that Green Dot will post 1.03 earnings per share for the current fiscal year.

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.