Green Dot (NYSE:GDOT) Trading 6.6% Higher

Green Dot Co. (NYSE:GDOT) shares traded up 6.6% during trading on Tuesday . The stock traded as high as $12.51 and last traded at $12.51. 154,034 shares changed hands during trading, a decline of 73% from the average session volume of 570,687 shares. The stock had previously closed at $11.74.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Green Dot in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Green Dot presently has an average rating of “Hold” and an average target price of $10.75.

Green Dot Trading Up 6.6 %

The firm has a market cap of $666.19 million, a price-to-earnings ratio of -26.49 and a beta of 0.91. The firm has a 50-day moving average of $10.25 and a two-hundred day moving average of $9.57.

Green Dot (NYSE:GDOT) last announced 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 negative net margin of 3.41% and a positive return on equity of 4.01%. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Green Dot’s revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Green Dot Co. will post 1 EPS for the current year.

Institutional Trading of Green Dot

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC increased its stake in shares of Green Dot by 44.3% in the 2nd 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 period. UMB Bank n.a. raised its holdings in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,415 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Green Dot by 7.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 21,130 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,430 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Green Dot by 4.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 39,707 shares of the financial services provider’s stock worth $375,000 after buying an additional 1,524 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Green Dot by 162.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,602 shares of the financial services provider’s stock worth $25,000 after buying an additional 1,609 shares during the last quarter. 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.