Green Dot (NYSE:GDOT) Stock Price Down 4% - Time to Sell?

Green Dot Co. (NYSE:GDOT - Get Free Report)'s share price traded down 4% on Friday . The company traded as low as $10.12 and last traded at $10.15. 167,455 shares were traded during trading, a decline of 59% from the average session volume of 408,731 shares. The stock had previously closed at $10.57.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GDOT. Barclays raised their target price on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, September 23rd. Craig Hallum lifted their price objective on Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.75.

Green Dot Trading Down 5.9 %

The stock's 50 day moving average is $10.87 and its 200-day moving average is $10.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $535.18 million, a P/E ratio of -9.48 and a beta of 0.90.

Insider Activity

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

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently bought and sold shares of GDOT. nVerses Capital LLC purchased a new stake in Green Dot during the 2nd quarter valued at $25,000. Quarry LP bought a new position in shares of Green Dot during the second quarter valued at $32,000. Headlands Technologies LLC boosted its position in shares of Green Dot by 44.3% during the second quarter. Headlands Technologies LLC now owns 3,957 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,214 shares during the last quarter. Torno Capital LLC bought a new stake in Green Dot in the 2nd quarter worth about $38,000. Finally, Versor Investments LP purchased a new position in Green Dot in the 2nd quarter worth about $105,000. Institutional investors own 92.56% of the company's stock.

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.