Shares of the company are trading at $56.62 barely above $51.90, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $42.91. The 50 day moving average moved up $4.72 and the 200 day average was up $13.71. 247K shares changed hands by the end of trading on Tuesday. Trading volume was down 29.18% under the stocks average daily volume.
Short traders are feeling a little more bearish on Green Dot Corporation Class A , of late if you put credence in the change in short interest. The stock realized a rise in short interest between September 29, 2017 and October 13, 2017 of 7.26%. Short shares grew 98,497 over that timeframe. The days to cover decreased to 3.0 and the percentage of shorted shares is 0.03% as of October 13.
Here is a rundown on some insider market activity for Green Dot Corporation Class A , (NYSE:GDOT). President and CEO Steven W. Streit sold 7,995 shares at a price of $46.74 on Thu the 17th. Streit now owns $10,018,485 of stock as reported to the SEC. President and CEO Steven W. Streit sold 7,995 shares at a price of $47.70 on August 31st. That brings Streit’s holdings to $10,224,257 per an SEC filing yesterday.
Director Kenneth C. Aldrich disclosed the sale of 10,000 shares of (GDOT). The shares were purchased at an average price of $48.28. Aldrich now owns $8,207,600 of the stock per the Form 4 SEC filing.
A few notable investment firms have updated their holdings. As of the end of the quarter First Trust Advisors Lp had disposed of 4,452 shares trimming its holdings by 36.0%. The value of the investment in GDOT decreased from $476,000 to $392,000 decreasing 17.6% since the last quarter. As of quarter end Nationwide Fund Advisors had bought a total of 84,133 shares growing its position 184.0%. The value of the total investment in Green Dot Corporation Class A , went from $1,762,000 to $6,439,000 a change of 265.4% quarter over quarter.
As of quarter end Aperio Group, LLC had sold 300 shares trimming its stake by 1.2%. The value of the investment in (GDOT) went from $986,000 to $1,254,000 a change of $268,000 for the reporting period. As of the end of the quarter Simplex Trading, LLC had bought a total of 3,273 shares growing its stake by 6,175.5%. The value of the investment in Green Dot Corporation Class A , increased from $2,000 to $164,000 increasing 8,100.0% quarter to quarter.
On September 18 Citigroup held the stock rating at “Buy” but moved up the price target to $54.00 from $19.00. On October 6, 2017 Craig-Hallum starting coverage on GDOT setting a rating of “Buy”.
The company currently has a P/E ratio of 48.15 and market cap is 2.86B. In the last earnings report the EPS was $1.18 and is expected to be $2.05 for the current year with 50,455,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.24 with next year’s EPS anticipated to be $2.40.
Green Dot Corporation (Green Dot), launched on October 26, 1999, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services. It also has operations in the mobile technology and mobile banking with GoBank mobile checking account. Through its subsidiary, SBBT Holdings, LLC (TPG), it also operates as a processor of tax refund disbursements in the United States. As of December 31, 2016, its products and services were available to consumers through a branchless bank distribution network of approximately 100,000 the United States retail locations, including retailers, neighborhood financial service center locations and tax preparation offices, as well as online, in application stores and through online tax preparation providers. As of December 31, 2016, the Company offered its products and services to five consumer segments: unbanked, underbanked, unhappily banked, new to banking and millennials..