Green Dot Corporation $GDOT is Topline Capital Management LLC's 4th Largest Position

Key Points

• Topline Capital Management LLC reduced its stake in Green Dot Corporation by 13.8%, now owning 4,633,469 shares valued at approximately $39.1 million.
• Wall Street analysts have issued a moderate buy consensus rating for Green Dot, with a price target ranging from $10 to $16, reflecting varied outlooks on the stock's potential direction.
• Green Dot reported a 23.9% year-over-year increase in quarterly revenue, achieving $501.16 million and exceeding analyst estimates.

Topline Capital Management LLC lessened its stake in Green Dot Corporation (NYSE:GDOT - Free Report) by 13.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,633,469 shares of the financial services provider's stock after selling 743,318 shares during the quarter. Green Dot accounts for approximately 8.9% of Topline Capital Management LLC's portfolio, making the stock its 4th biggest position. Topline Capital Management LLC owned approximately 8.54% of Green Dot worth $39,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Green Dot by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock worth $22,496,000 after purchasing an additional 363,831 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 193,016 shares during the last quarter. Walmart Inc. purchased a new stake in Green Dot during the fourth quarter worth approximately $10,374,000. Nuveen LLC purchased a new stake in Green Dot during the first quarter worth approximately $5,901,000. Finally, Nuveen Asset Management LLC lifted its stake in Green Dot by 1.1% during 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 during the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GDOT. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. 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 note on Friday, July 11th. Northland Securities set a $16.00 target price on Green Dot in a research note on Tuesday, August 12th. Zacks Research raised Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Finally, Barclays lifted their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, Green Dot presently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Green Dot Stock Performance

Shares of NYSE:GDOT traded up $0.25 during trading on Tuesday, reaching $14.17. The company had a trading volume of 674,161 shares, compared to its average volume of 844,933. The firm has a market capitalization of $784.88 million, a price-to-earnings ratio of -32.20 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. The stock's fifty day moving average price is $11.43 and its 200 day moving average price is $9.53. Green Dot Corporation has a fifty-two week low of $6.12 and a fifty-two week high of $14.48.

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, beating analysts' consensus estimates of $0.17 by $0.23. The business had revenue of $501.16 million for 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%.The company's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, equities research analysts predict that Green Dot Corporation will post 0.87 EPS for the current year.

Insider Activity

In related news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction that occurred on Tuesday, August 12th. The stock was 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 in the company, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.