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

Green Dot Co. (NYSE:GDOT - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,900,000 shares, an increase of 22.6% from the November 30th total of 1,550,000 shares. Based on an average trading volume of 455,500 shares, the short-interest ratio is currently 4.2 days. Currently, 3.6% of the shares of the company are short sold.

Green Dot Price Performance

Shares of GDOT stock traded up $0.20 during trading hours on Tuesday, reaching $10.64. The company's stock had a trading volume of 993,654 shares, compared to its average volume of 547,047. Green Dot has a fifty-two week low of $7.70 and a fifty-two week high of $13.58. The firm's 50 day simple moving average is $10.94 and its 200-day simple moving average is $10.63. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $572.29 million, a price-to-earnings ratio of -10.13 and a beta of 0.90.

Insider Transactions at Green Dot

In related news, insider Topline Capital Management, Ll sold 380,611 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $10.44, for a total transaction of $3,973,578.84. Following the transaction, the insider now directly owns 5,708,126 shares of the company's stock, valued at approximately $59,592,835.44. This trade represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 135,123 shares of the business's stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $10.94 per share, with a total value of $1,478,245.62. Following the acquisition, the insider now directly owns 6,292,788 shares in the company, valued at approximately $68,843,100.72. This trade represents a 2.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 959,180 shares of company stock worth $10,071,696 over the last quarter. Company insiders own 1.10% of the company's stock.

Institutional Trading of Green Dot

Large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its position in Green Dot by 79.0% in the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider's stock valued at $3,049,000 after buying an additional 142,377 shares in the last quarter. FMR LLC lifted its stake in shares of Green Dot by 62.8% in the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 16,917 shares during the last quarter. Barclays PLC boosted its holdings in shares of Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after acquiring an additional 68,481 shares in the last quarter. Geode Capital Management LLC grew its position in Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock worth $14,324,000 after acquiring an additional 101,008 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Green Dot in the 2nd quarter worth about $685,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GDOT shares. Barclays boosted their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, September 23rd. Craig Hallum boosted their price target on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.75.

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.