Green Dot Corporation (NYSE:GDOT) Short Interest Down 24.6% in December

Green Dot Corporation (NYSE:GDOT) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 1,138,907 shares, a drop of 24.6% from the December 15th total of 1,511,054 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 549,026 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 549,026 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.1% of the shares of the stock are sold short.

Insider Activity

In other news, Director J Chris Brewster sold 7,969 shares of Green Dot stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $12.37, for a total value of $98,576.53. Following the completion of the transaction, the director owned 133,215 shares in the company, valued at approximately $1,647,869.55. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the sale, the director owned 92,737 shares in the company, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Green Dot by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after buying an additional 1,341 shares during the last quarter. Caxton Associates LLP bought a new stake in Green Dot during the first quarter worth $96,000. Empowered Funds LLC lifted its stake in Green Dot by 7.2% in the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock valued at $1,679,000 after acquiring an additional 13,437 shares during the last quarter. Jane Street Group LLC grew its position in shares of Green Dot by 235.6% in the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 314,208 shares during the period. Finally, Strs Ohio bought a new position in shares of Green Dot in the 1st quarter valued at about $603,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research note on Wednesday, October 8th. William Blair restated a “market perform” rating on shares of Green Dot in a research report on Tuesday, November 11th. Northland Capmk lowered shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Northland Securities set a $14.25 target price on shares of Green Dot and gave the stock a “market perform” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $12.56.

Green Dot Stock Down 1.8%

Green Dot stock traded down $0.22 during midday trading on Friday, reaching $12.08. The stock had a trading volume of 1,279,394 shares, compared to its average volume of 586,669. The stock has a market capitalization of $669.47 million, a P/E ratio of 7.46 and a beta of 0.82. The firm’s fifty day simple moving average is $12.45 and its 200-day simple moving average is $12.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. Green Dot has a 1-year low of $6.12 and a 1-year high of $15.41.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.17. Green Dot had a negative net margin of 2.33% and a positive return on equity of 9.81%. The company had revenue of $491.85 million during the quarter, compared to analysts’ expectations of $483.84 million. During the same period last year, the business earned $0.13 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. As a group, analysts expect that Green Dot will post 0.87 EPS for the current fiscal year.

Green Dot Company Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.