Counterpoint Mutual Funds LLC Purchases Shares of 38,345 Green Dot Corporation $GDOT

Key Points

• Counterpoint Mutual Funds LLC purchased 38,345 shares of Green Dot Corporation, valued at approximately $413,000, during the 2nd quarter, holding 0.07% of the company.
• Green Dot reported a quarterly earnings per share of $0.40, surpassing analysts' expectations of $0.17, alongside a revenue increase of 23.9% year-over-year.
• Several large investors, including Bank of America and MIRAE ASSET GLOBAL, have significantly increased their stakes in Green Dot during the last quarter, indicating growing institutional interest.

Counterpoint Mutual Funds LLC acquired a new position in Green Dot Corporation (NYSE:GDOT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 38,345 shares of the financial services provider's stock, valued at approximately $413,000. Counterpoint Mutual Funds LLC owned 0.07% of Green Dot as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in Green Dot by 15.5% in the 4th quarter. Bank of America Corp DE now owns 117,453 shares of the financial services provider's stock worth $1,250,000 after acquiring an additional 15,767 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Green Dot by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock worth $324,000 after purchasing an additional 1,292 shares during the period. Millennium Management LLC increased its stake in shares of Green Dot by 10.6% in the fourth quarter. Millennium Management LLC now owns 71,452 shares of the financial services provider's stock worth $760,000 after purchasing an additional 6,844 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Green Dot by 1.1% in the fourth quarter. Nuveen Asset Management LLC now owns 647,396 shares of the financial services provider's stock worth $6,888,000 after purchasing an additional 6,964 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Green Dot by 45.8% during the 4th quarter. ProShare Advisors LLC now owns 16,192 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 5,089 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Stock Performance

NYSE:GDOT opened at $14.81 on Wednesday. The company has a market cap of $820.16 million, a price-to-earnings ratio of -33.65 and a beta of 0.77. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $15.41. The stock's 50 day simple moving average is $12.48 and its two-hundred day simple moving average is $10.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69.

Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.23. The firm had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. Green Dot's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, equities analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christian Devin Ruppel sold 27,931 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the completion of the transaction, the insider owned 226,656 shares of the company's stock, valued at approximately $2,808,267.84. This trade represents a 10.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

GDOT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Zacks Research raised Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Finally, Northland Securities set a $16.00 price target on Green Dot in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.00.

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.

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