Quantbot Technologies LP Boosts Stake in Green Dot Corporation $GDOT

Key Points

• Quantbot Technologies LP increased its stake in Green Dot Corporation by 43%, purchasing an additional 26,978 shares during the 1st quarter, bringing its total holdings to 89,778 shares valued at approximately $758,000.
• Green Dot's stock has recently seen a positive shift, with a 23.9% increase in revenue year-over-year and an earnings per share of $0.40 for the last quarter, exceeding analyst expectations.
• Several brokerage firms have updated their ratings and price targets for Green Dot, with Barclays setting a new target of $10.00 and Northland Securities at $16.00, indicating varying confidence levels in the stock's performance.

Quantbot Technologies LP increased its stake in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 43.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,778 shares of the financial services provider's stock after purchasing an additional 26,978 shares during the period. Quantbot Technologies LP owned 0.17% of Green Dot worth $758,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Green Dot by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock worth $324,000 after purchasing an additional 1,292 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Green Dot by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider's stock valued at $155,000 after acquiring an additional 1,843 shares during the last quarter. Connors Investor Services Inc. raised its holdings in Green Dot by 0.9% in the 4th quarter. Connors Investor Services Inc. now owns 275,001 shares of the financial services provider's stock valued at $2,926,000 after acquiring an additional 2,516 shares during the last quarter. Graham Capital Management L.P. raised its holdings in Green Dot by 25.0% in the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock valued at $150,000 after acquiring an additional 2,818 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Green Dot by 2.0% in the 4th quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock valued at $1,608,000 after acquiring an additional 3,035 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Green Dot

In related news, insider Christian Devin Ruppel sold 27,931 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 226,656 shares in the company, valued at approximately $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

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

Green Dot Trading Up 2.3%

Shares of GDOT stock traded up $0.31 on Friday, reaching $13.85. 630,128 shares of the stock were exchanged, compared to its average volume of 913,113. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $14.27. The stock has a market cap of $767.37 million, a P/E ratio of -31.49 and a beta of 0.75. 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 firm has a 50 day moving average of $11.35 and a two-hundred day moving average of $9.50.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings results 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. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The firm had revenue of $501.16 million during the quarter, compared to the consensus estimate of $496.49 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm's quarterly 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. On average, research analysts anticipate that Green Dot Corporation will post 0.87 EPS 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.