Is Selling Stock Like Green Dot Corporation (GDOT) After Such Decline Winning Strategy?

Green Dot Corporation (NYSE:GDOT) Logo

Investors sentiment decreased to 1.08 in 2019 Q2. Its down 0.01, from 1.09 in 2019Q1. It dropped, as 46 investors sold Green Dot Corporation shares while 60 reduced holdings. 35 funds opened positions while 79 raised stakes. 44.34 million shares or 1.26% more from 43.79 million shares in 2019Q1 were reported.
Moreover, Jacobs Levy Equity Mgmt has 0.23% invested in Green Dot Corporation (NYSE:GDOT) for 339,726 shares. Connor Clark & Lunn Limited has 179,325 shares. Alta Capital Mngmt Limited reported 0.47% in Green Dot Corporation (NYSE:GDOT). Mutual Of America Cap Mngmt Ltd Company accumulated 42,441 shares or 0.03% of the stock. Goldman Sachs Grp owns 371,256 shares for 0.01% of their portfolio. Diversified Inv Strategies Llc reported 95,550 shares stake. Bb&T Limited Com accumulated 4,270 shares. Thrivent Fin For Lutherans, Minnesota-based fund reported 12,590 shares. Eaton Vance owns 38,650 shares for 0.01% of their portfolio. Clarivest Asset Limited Com reported 0.1% of its portfolio in Green Dot Corporation (NYSE:GDOT). Parallax Volatility Advisers L P holds 8 shares or 0% of its portfolio. Eulav Asset Mngmt has 0.06% invested in Green Dot Corporation (NYSE:GDOT). Ohio-based Employees Retirement System Of Ohio has invested 0% in Green Dot Corporation (NYSE:GDOT). Proshare Advisors Lc holds 0% of its portfolio in Green Dot Corporation (NYSE:GDOT) for 14,893 shares. Oregon Public Employees Retirement Fund, Oregon-based fund reported 19,235 shares.

The stock of Green Dot Corporation (NYSE:GDOT) is a huge mover today! The stock decreased 2.76% or $0.77 during the last trading session, reaching $27.11. About 447,613 shares traded. Green Dot Corporation (NYSE:GDOT) has declined 35.46% since September 13, 2018 and is downtrending. It has underperformed by 35.46% the S&P500.
The move comes after 5 months negative chart setup for the $1.41B company. It was reported on Sep, 13 by Barchart.com. We have $26.30 PT which if reached, will make NYSE:GDOT worth $42.15M less.

Analysts await Green Dot Corporation (NYSE:GDOT) to report earnings on November, 6. They expect $-0.09 EPS, down 123.68 % or $0.47 from last year’s $0.38 per share. After $0.78 actual EPS reported by Green Dot Corporation for the previous quarter, Wall Street now forecasts -111.54 % negative EPS growth.

Green Dot Corporation (NYSE:GDOT) Ratings Coverage

Among 6 analysts covering Green Dot (NYSE:GDOT), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Green Dot has $90 highest and $2900 lowest target. $53.86’s average target is 98.67% above currents $27.11 stock price. Green Dot had 11 analyst reports since March 14, 2019 according to SRatingsIntel. As per Thursday, September 5, the company rating was downgraded by Jefferies. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 8 report. The firm has “Market Perform” rating by Wood given on Thursday, August 8. The company was maintained on Tuesday, March 26 by Guggenheim. SunTrust maintained the stock with “Buy” rating in Thursday, March 14 report.

More notable recent Green Dot Corporation (NYSE:GDOT) news were published by: Finance.Yahoo.com which released: “GDOT INVESTIGATION REMINDER: Hagens Berman Investigating Possible Disclosure Violations by Green Dot Corporation (GDOT), Encourages Investors Who Lost $50,000+ to Contact the Firm – Yahoo Finance” on September 03, 2019, also Finance.Yahoo.com with their article: “3 Top Fintech Stocks to Buy Right Now – Yahoo Finance” published on August 26, 2019, Digitaljournal.com published: “NYSE:GDOT Investor Alert: Investigation over Possible Securities Laws Violations by Green Dot Corporation – Press Release – Digital Journal” on September 05, 2019. More interesting news about Green Dot Corporation (NYSE:GDOT) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Green Dot Corporation (GDOT) – Yahoo Finance” published on April 25, 2019 as well as Seekingalpha.com‘s news article titled: “Green Dot accelerates $100M stock buyback – Seeking Alpha” with publication date: May 22, 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 $1.41 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 12.56 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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