EVR Research LP Purchases Shares of 100,000 Green Dot Corporation $GDOT

Key Points

• EVR Research LP has acquired a new position in Green Dot Corporation, purchasing 100,000 shares valued at approximately $844,000, which represents 0.2% of its portfolio.
• Green Dot reported a quarterly EPS of $0.40, exceeding estimates and reflecting a 23.9% year-over-year revenue growth, indicating positive momentum for the company.
• Multiple institutional investors have increased their stakes in Green Dot, with 92.56% of the stock owned by hedge funds and institutions, highlighting significant institutional interest.

EVR Research LP purchased a new stake in Green Dot Corporation (NYSE:GDOT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the financial services provider's stock, valued at approximately $844,000. Green Dot makes up 0.2% of EVR Research LP's investment portfolio, making the stock its 27th largest holding. EVR Research LP owned 0.18% of Green Dot at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Green Dot by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after acquiring an additional 363,831 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Green Dot by 18.5% during the first quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock worth $10,415,000 after acquiring an additional 193,016 shares during the period. Walmart Inc. acquired a new stake in Green Dot in the 4th quarter valued at $10,374,000. Nuveen LLC acquired a new stake in Green Dot in the 1st quarter valued at $5,901,000. Finally, Nuveen Asset Management LLC increased its stake in 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 buying an additional 6,964 shares during the last quarter. 92.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GDOT. Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods lifted their price target on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Zacks Research upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Finally, Barclays boosted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Green Dot Stock Performance

Shares of GDOT stock traded up $0.31 during midday trading on Friday, hitting $13.85. 630,128 shares of the company were exchanged, compared to its average volume of 913,113. The firm has a market capitalization of $767.37 million, a P/E ratio of -31.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69. The firm's 50 day moving average price is $11.35 and its two-hundred day moving average price is $9.50. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $14.27.

Green Dot (NYSE:GDOT - Get Free Report) last announced its earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The business had revenue of $501.16 million during the quarter, compared to the consensus estimate of $496.49 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Green Dot's revenue was up 23.9% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, equities research analysts anticipate 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 company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider owned 226,656 shares of the company's stock, valued at approximately $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

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.