Cubist Systematic Strategies LLC Buys New Position in Green Dot Corporation $GDOT

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 bought a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Green Dot in the 1st quarter valued at about $5,901,000. American Century Companies Inc. lifted its holdings in Green Dot by 18.5% in the first quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock valued at $10,415,000 after buying an additional 193,016 shares during the period. Wellington Management Group LLP acquired a new position in Green Dot in the fourth quarter valued at approximately $2,048,000. XTX Topco Ltd boosted its stake in Green Dot by 436.8% in the first quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider's stock valued at $1,943,000 after acquiring an additional 187,293 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Green Dot during the 1st quarter worth $1,089,000. Institutional investors and hedge funds own 92.56% of the company's stock.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the sale, the insider directly owned 226,656 shares of the company's stock, valued at approximately $2,808,267.84. The trade was a 10.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research raised Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Northland Securities set a $16.00 target price on Green Dot in a research note on Tuesday, August 12th. Finally, Keefe, Bruyette & Woods boosted their target price on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Green Dot presently has an average rating of "Moderate Buy" and an average target price of $13.00.

Green Dot Stock Up 1.0%

Shares of NYSE GDOT traded up $0.14 during mid-day trading on Tuesday, reaching $13.79. 539,979 shares of the company's stock were exchanged, compared to its average volume of 588,251. Green Dot Corporation has a twelve month low of $6.12 and a twelve month high of $14.90. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $763.83 million, a price-to-earnings ratio of -31.34 and a beta of 0.77. The business has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $9.91.

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

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.