Could Green Dot Corporation (GDOT) Lose Strenght? The Stock Increases A Lot Today

Green Dot Corporation (NYSE:GDOT) Logo

Investors sentiment decreased to 1.09 in 2019 Q1. Its down 0.15, from 1.24 in 2018Q4. It worsened, as 38 investors sold Green Dot Corporation shares while 79 reduced holdings. 53 funds opened positions while 75 raised stakes. 43.79 million shares or 3.31% less from 45.29 million shares in 2018Q4 were reported.
Benjamin F Edwards & Comm Inc invested in 0% or 200 shares. Federated Pa holds 333,014 shares or 0.05% of its portfolio. Jane Street Group Llc stated it has 11,894 shares or 0% of all its holdings. Oregon Employees Retirement Fund owns 24,963 shares for 0.02% of their portfolio. Wellington Mngmt Gru Llp reported 0% stake. Stephens Ar has invested 0% of its portfolio in Green Dot Corporation (NYSE:GDOT). Eaton Vance Mgmt holds 38,650 shares or 0.01% of its portfolio. 28,422 were accumulated by Great West Life Assurance Can. Guggenheim Ltd Co holds 0.01% or 11,842 shares in its portfolio. G2 Investment Prtnrs Mngmt Ltd Liability Co invested 1.66% of its portfolio in Green Dot Corporation (NYSE:GDOT). Hrt Financial Lc holds 11,751 shares or 0.11% of its portfolio. Lyon Street Limited Liability Com holds 17,789 shares or 3.32% of its portfolio. 1.79 million were accumulated by National Bank & Trust Of Mellon. The Michigan-based State Treasurer State Of Michigan has invested 0.01% in Green Dot Corporation (NYSE:GDOT). Riverhead Mngmt Ltd Liability accumulated 0.02% or 7,019 shares.

The stock of Green Dot Corporation (NYSE:GDOT) is a huge mover today! The stock increased 4.88% or $1.36 during the last trading session, reaching $29.22. About 1.34M shares traded or 68.55% up from the average. Green Dot Corporation (NYSE:GDOT) has declined 35.46% since August 13, 2018 and is downtrending. It has underperformed by 35.46% the S&P500.
The move comes after 7 months positive chart setup for the $1.51B company. It was reported on Aug, 13 by Barchart.com. We have $30.68 PT which if reached, will make NYSE:GDOT worth $75.70 million more.

Green Dot Corporation (NYSE:GDOT) Ratings Coverage

Among 6 analysts covering Green Dot (NYSE:GDOT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Green Dot had 16 analyst reports since February 21, 2019 according to SRatingsIntel. Loop Capital Markets maintained the stock with “Buy” rating in Thursday, February 21 report. The company was maintained on Thursday, March 7 by Loop Capital Markets. Barclays Capital maintained the stock with “Buy” rating in Friday, March 8 report. Wood downgraded the stock to “Market Perform” rating in Thursday, August 8 report. The rating was maintained by Barclays Capital on Monday, February 25 with “Buy”. The stock has “Hold” rating by Deutsche Bank on Thursday, August 8. Guggenheim maintained the shares of GDOT in report on Tuesday, March 26 with “Buy” rating. SunTrust maintained it with “Buy” rating and $90 target in Thursday, March 14 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, February 21.

More notable recent Green Dot Corporation (NYSE:GDOT) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Apple, Caterpillar, CenturyLink, Chesapeake Energy, Ciena, Corning, Dollar General, GreenSky, Hertz, Inogen, Lyft, Roku, 3D Systems and More – 24/7 Wall St.” on August 08, 2019, also Prnewswire.com with their article: “Bragar Eagel & Squire, PC is Investigating Green Dot Corporation (NYSE: GDOT) on Behalf of Stockholders and Encourages Green Dot Investors to Contact the Firm – PRNewswire” published on August 10, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been This Bullish On Green Dot Corporation (GDOT) – Yahoo Finance” on June 21, 2019. More interesting news about Green Dot Corporation (NYSE:GDOT) were released by: Finance.Yahoo.com and their article: “Are Insiders Selling Green Dot Corporation (NYSE:GDOT) Stock? – Yahoo Finance” published on May 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What Hedge Funds Think About Green Dot Corporation (GDOT) – Yahoo Finance” with publication date: April 25, 2019.

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer technology bank holding firm that provides personal banking for the masses. The company has market cap of $1.51 billion. It offers reloadable prepaid debit cards and cash reload processing services in the United States, as well as mobile banking services with its GoBank mobile checking account. It has a 13.54 P/E ratio. The company's products include Green Dot MasterCards, Visa-branded prepaid debit cards, and various co-branded reloadable prepaid card programs; Visa-branded gift and credit cards; and swipe reload products, which enables cash loading and transfer services through Green Dot Network.

Green Dot Corporation (NYSE:GDOT) Institutional Positions Chart

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