60,012 Shares in Green Dot Corporation $GDOT Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired a new stake in Green Dot Corporation (GDOT) by purchasing 60,012 shares, valued at approximately $507,000, increasing their ownership to 0.11% of the company.
• Several institutional investors, including Brooklyn Investment Group and GAMMA Investing LLC, significantly increased their stakes in Green Dot during the first quarter, reflecting a growing interest in the company.
• Green Dot recently reported stronger-than-expected earnings with an EPS of $0.40, surpassing analyst estimates of $0.17, while its quarterly revenue increased 23.9% year-over-year.

Cubist Systematic Strategies LLC purchased a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,012 shares of the financial services provider's stock, valued at approximately $507,000. Cubist Systematic Strategies LLC owned 0.11% of Green Dot as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Green Dot by 18.5% in the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock valued at $10,415,000 after purchasing an additional 193,016 shares during the period. Nuveen LLC acquired a new position in shares of Green Dot in the 1st quarter valued at $5,901,000. Nuveen Asset Management LLC lifted its stake in shares of Green Dot by 1.1% in the 4th quarter. Nuveen Asset Management LLC now owns 647,396 shares of the financial services provider's stock valued at $6,888,000 after purchasing an additional 6,964 shares during the period. Deutsche Bank AG lifted its stake in shares of Green Dot by 6.7% in the 4th quarter. Deutsche Bank AG now owns 256,161 shares of the financial services provider's stock valued at $2,726,000 after purchasing an additional 15,973 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Green Dot by 436.8% in the 1st quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider's stock valued at $1,943,000 after purchasing an additional 187,293 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on GDOT shares. Keefe, Bruyette & Woods raised their price objective on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen raised Green Dot from a "hold" rating to a "buy" rating in a research note 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 objective on Green Dot in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Green Dot has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Green Dot Stock Down 0.3%

GDOT stock traded down $0.04 during trading hours on Friday, reaching $13.57. 415,817 shares of the stock were exchanged, compared to its average volume of 658,338. The firm's 50-day moving average is $11.96 and its 200-day moving average is $9.83. The company has a market cap of $751.64 million, a price-to-earnings ratio of -30.84 and a beta of 0.77. 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 Corporation has a 12 month low of $6.12 and a 12 month high of $14.90.

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

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was 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 in the company, valued at $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 available at the SEC website. 1.40% of the stock is owned by insiders.

Green Dot 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.