Jump Financial LLC Has $1.45 Million Holdings in Green Dot Corporation $GDOT

Key Points

• Jump Financial LLC increased its stake in Green Dot Corporation by 175.1%, acquiring an additional 109,344 shares, bringing its total holdings to 171,794 shares valued at approximately $1.45 million.
• Several institutional investors, including Walmart Inc. and Nuveen LLC, have recently initiated or expanded their positions in Green Dot, contributing to institutional ownership reaching 92.56%.
• Following positive earnings reports, Green Dot's stock has seen upgrades in ratings, with analysts giving it a consensus rating of "Moderate Buy" and a target price averaging around $13.00.

Jump Financial LLC boosted its position in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 175.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,794 shares of the financial services provider's stock after purchasing an additional 109,344 shares during the period. Jump Financial LLC owned about 0.32% of Green Dot worth $1,450,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Green Dot by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after purchasing an additional 363,831 shares during the last quarter. American Century Companies Inc. grew its position in shares of Green Dot by 18.5% during the 1st quarter. American Century Companies Inc. now owns 1,234,050 shares of the financial services provider's stock worth $10,415,000 after buying an additional 193,016 shares during the period. Walmart Inc. acquired a new stake in shares of Green Dot during the 4th quarter worth approximately $10,374,000. Nuveen LLC acquired a new stake in shares of Green Dot during the 1st quarter worth approximately $5,901,000. Finally, Nuveen Asset Management LLC grew its position in shares of Green Dot by 1.1% during the 4th quarter. Nuveen Asset Management LLC now owns 647,396 shares of the financial services provider's stock worth $6,888,000 after buying an additional 6,964 shares during the period. 92.56% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $346,065.09. Following the transaction, the insider directly owned 226,656 shares in the company, valued at approximately $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Green Dot Stock Down 2.3%

Shares of GDOT stock traded down $0.32 during trading on Wednesday, reaching $13.62. The company's stock had a trading volume of 221,903 shares, compared to its average volume of 845,143. The business has a fifty day moving average price of $11.50 and a 200-day moving average price of $9.56. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. The company has a market cap of $754.41 million, a price-to-earnings ratio of -30.99 and a beta of 0.77. Green Dot Corporation has a one year low of $6.12 and a one year high of $14.48.

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