Quantbot Technologies LP Acquires 26,978 Shares of 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 grew its stake in Green Dot Corporation (NYSE:GDOT - Free Report) by 43.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,778 shares of the financial services provider's stock after purchasing an additional 26,978 shares during the quarter. Quantbot Technologies LP owned approximately 0.17% of Green Dot worth $758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GDOT. Wells Fargo & Company MN increased its position in shares of Green Dot by 28.6% during the fourth quarter. Wells Fargo & Company MN now owns 32,308 shares of the financial services provider's stock valued at $344,000 after acquiring an additional 7,180 shares during the last quarter. Barclays PLC increased its position in shares of Green Dot by 5.4% during the fourth quarter. Barclays PLC now owns 93,324 shares of the financial services provider's stock valued at $993,000 after acquiring an additional 4,820 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $22,496,000 after acquiring an additional 363,831 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Green Dot by 21.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,896 shares of the financial services provider's stock valued at $627,000 after acquiring an additional 10,422 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $1,031,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company's stock.

Green Dot Stock Performance

Shares of NYSE GDOT traded up $0.12 during mid-day trading on Thursday, hitting $13.52. The company had a trading volume of 323,507 shares, compared to its average volume of 847,593. The company has a market capitalization of $748.60 million, a price-to-earnings ratio of -30.72 and a beta of 0.75. Green Dot Corporation has a 1 year low of $6.12 and a 1 year high of $14.27. 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 stock's 50-day moving average price is $11.18 and its 200-day moving average price is $9.43.

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 for the quarter, beating the consensus estimate of $0.17 by $0.23. The company had revenue of $501.16 million during the quarter, compared to analysts' expectations of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The firm's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. On average, sell-side analysts forecast that Green Dot Corporation will post 0.87 earnings per share for the current year.

About Green Dot

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.