Jacobs Levy Equity Management Inc. Has $9.02 Million Stock Holdings in Green Dot Co. (NYSE:GDOT)

Jacobs Levy Equity Management Inc. reduced its position in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 847,936 shares of the financial services provider's stock after selling 88,800 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.58% of Green Dot worth $9,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Green Dot during the fourth quarter worth $44,000. KLP Kapitalforvaltning AS bought a new position in Green Dot during the fourth quarter worth about $84,000. Caxton Associates LP bought a new position in Green Dot during the fourth quarter worth about $121,000. New York State Common Retirement Fund raised its stake in Green Dot by 63.1% in the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Polymer Capital Management US LLC bought a new stake in Green Dot in the 4th quarter valued at about $131,000. 92.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on GDOT. Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Barclays raised their price objective on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Friday, March 14th. Finally, Keefe, Bruyette & Woods dropped their price target on Green Dot from $12.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Green Dot currently has an average rating of "Moderate Buy" and an average target price of $11.50.

Green Dot Price Performance

Shares of GDOT stock traded down $0.12 during trading hours on Monday, reaching $9.32. The company's stock had a trading volume of 78,454 shares, compared to its average volume of 629,808. Green Dot Co. has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The firm's 50 day simple moving average is $8.10 and its 200-day simple moving average is $9.16. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $505.37 million, a price-to-earnings ratio of -8.86 and a beta of 0.76.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.36. The business had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. Green Dot's revenue was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Sell-side analysts forecast that Green Dot Co. will post 0.87 earnings per share for the current year.

Insider Activity at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 10,189 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $11.00, for a total value of $112,079.00. Following the completion of the transaction, the insider now owns 253,139 shares of the company's stock, valued at $2,784,529. This represents a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by insiders.

Green Dot Company 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.