On Jan. 06, Osher Jeffrey divested U.S. $11,159,404 in shares of Green Dot Corporation. The Dir sold 185,558 shares at a price per share of $60.14. The transaction decreased this specific insider’s holdings to 1,358,516 shares worth around $80.98 million at present.
Needham maintained its Green Dot Corporation [GDOT] rating to the equivalent of a Buy but changed the price target to $70 from $62, in a research note dated October 08, 2020. That figure represents around a 14.84% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Needham’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in early October. Meanwhile, Needham had maintained its rating on GDOT to the earlier “Buy” rating, in a research note produced for clients May 12, 2020. In addition, there was an upgrade from BTIG Research on March 26, 2020. The rater changed GDOT from “a Neutral” to “a Buy”.
Is Green Dot Corporation [NYSE:GDOT] a Good Buy Right Now?
It should be noted that GDOT technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 72% Buy in the past month. Data from Green Dot Corporation’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.66 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.57 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.51 million shares.
GDOT Price Performance
On Wall Street, Green Dot Corporation [NYSE:GDOT] finished Friday’s session down -1.10% at $59.61. The stock went up to $61.56 at the same session while its lowest single day price was $58.9701. In the last five days, it saw a rise of about 6.83%, Green Dot Corporation shares gained by almost 6.83% since the beginning of the year. However, the share price has dropped to as low as -8.25% below its one year high. On 01/07/21, the company shares recorded $61.85, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $54.66. The company’s shares have inclined by 147.45% in the past year. The 50-day SMA achieved is $55.54 while the 200-day SMA is $47.23. Volume dropped to 0.55 million from 0.65 million in the previous session.
Green Dot Corporation [GDOT] Valuation Measures
Notably, Green Dot Corporation [GDOT] stock cannot be classified as a good candidate in the listing of underestimated low-priced Credit Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 64.30. The measure means the stock is exchanging at a premium as compared to the 14.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.64 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.97 which means GDOT serve an unattractive investment opportunity compared to its competitors.
GDOT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 58.53 level, and in case of violation of this particular level, it will cause more drop to 57.46 level. On the upper level, 62.64 is still the key resistance. The stock may increase to the subsequent resistance at 61.12. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.18, implying a neutral technical stance while the MACD stands at 3.30, meaning price will increase in the next trading period. Percent R indicator moved to 24.22%, implying bullish price movement. Stochastic %K at 80.36% suggest selling the stock.
What is the short interest in Green Dot Corporation?
Short interest in the Green Dot Corporation stock has surged, increasing by 70000.0 shares to total 2.07 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.14 million, data from Yahoo Finance shows. The decrease of -3.38% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 4.70% of the overall float for the stock.
Green Dot Corporation’s Biggest Shareholders: Who Owns Green Dot Corporation [GDOT]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 7,066,901 shares or roughly 13.21% of the outstanding GDOT shares. This means their shares have increased by 106,112 from the 7,066,901 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $248,496,815. Details in the latest 13F filings reveal that Starboard Value LP disposed off their 0.00% stake valued at $237,071,610 while T. Rowe Price Associates, Inc. cut theirs at $121,902,239. During the last quarter, Starboard Value LP liquidated 0 of its shares in Green Dot Corporation while T. Rowe Price Associates, Inc. sold -2,316 shares. The No Street GP LP’s holdings currently number 2,240,000 shares at $133526400.0. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,990,158 shares, roughly $106,592,862.
GDOT Earnings Forecast For The Current Quarter
Green Dot Corporation [GDOT] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $257.28M and an earnings per share of $0.18 for Dec 2020. Looking further ahead, the company is expected to report revenue of $364.85M at an EPS of $1.09 for Mar 2021. The estimates represent upside of 3.70% and 13.24% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
GDOT Earnings Estimates For The Current Year
For the financial year, Green Dot Corporation [NYSE:GDOT] is expected to bring in revenue of $1.19B. The returns are nearly $130.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.99, lower than that of FY19 by -$0.8. Estimates put this year’s earnings growth at -28.70%, 13.10% for the next, and at an annual 4.79% over the next 5-year period. As for sales, forecasts are for an increase of 12.50% in the current fiscal year and a further 3.70% over the following year.
What are analyst thoughts on Green Dot Corporation?
Looking forward to the Green Dot Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Green Dot Corporation stock at $61.00 within the next 12 months, which represents almost 2.28 per cent growth from its previous closing price of $59.61. The highest analysts’ target for Green Dot Corporation stock projections is $75.00 and the lowest one is $50.00. Still, 14 analysts sharing their consensus rating for GDOT stock in 2021 agree that it is an Overweight.