Green Dot (NYSE:GDOT) Stock Price Down 11.8% - What's Next?

Green Dot Co. (NYSE:GDOT - Get Free Report) was down 11.8% during mid-day trading on Friday . The company traded as low as $11.40 and last traded at $11.56. Approximately 73,201 shares changed hands during trading, a decline of 86% from the average daily volume of 540,638 shares. The stock had previously closed at $13.10.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GDOT. Craig Hallum boosted their price target on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, October 4th. Barclays upped their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $11.00 price target on shares of Green Dot in a research note on Monday, July 22nd. One 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's stock. According to MarketBeat, Green Dot presently has an average rating of "Hold" and an average price target of $10.75.

Green Dot Stock Down 16.8 %

The stock has a fifty day moving average of $11.53 and a two-hundred day moving average of $10.37. The stock has a market cap of $585.44 million, a price-to-earnings ratio of -10.69 and a beta of 0.91.

Green Dot (NYSE:GDOT - Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million during the quarter, compared to analysts' expectations of $381.87 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Green Dot Co. will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Topline Capital Management, Ll bought 36,671 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the acquisition, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll bought 36,671 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now owns 5,995,422 shares of the company's stock, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Green Dot

Several institutional investors have recently added to or reduced their stakes in GDOT. Nisa Investment Advisors LLC increased its holdings in shares of Green Dot by 162.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,609 shares during the last quarter. nVerses Capital LLC bought a new stake in Green Dot during the second quarter valued at $25,000. Headlands Technologies LLC raised its holdings in shares of Green Dot by 89.2% during the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,293 shares during the period. Quarry LP bought a new position in shares of Green Dot in the 2nd quarter worth about $32,000. Finally, Torno Capital LLC bought a new position in shares of Green Dot in the 2nd quarter worth about $38,000. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile

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.