Green Dot Corporation (NYSE:GDOT) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd grew its holdings in Green Dot Corporation (NYSE:GDOT) by 436.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,175 shares of the financial services provider’s stock after buying an additional 187,293 shares during the period. XTX Topco Ltd owned 0.42% of Green Dot worth $1,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of Green Dot in the first quarter valued at about $1,089,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Green Dot in the first quarter valued at about $692,000. Penserra Capital Management LLC grew its holdings in shares of Green Dot by 19.5% in the first quarter. Penserra Capital Management LLC now owns 103,775 shares of the financial services provider’s stock valued at $875,000 after purchasing an additional 16,946 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Green Dot in the first quarter valued at about $96,000. Finally, Whipplewood Advisors LLC grew its holdings in shares of Green Dot by 41,091.6% in the first quarter. Whipplewood Advisors LLC now owns 39,132 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 39,037 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GDOT shares. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 9th. Barclays upped 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. Wall Street Zen raised shares of Green Dot from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Northland Securities upgraded shares of Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Green Dot from $11.00 to $12.00 and gave the company a “market perform” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Green Dot Stock Down 3.6%

Shares of Green Dot stock opened at $10.13 on Thursday. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $13.58. The company has a 50 day moving average of $10.19 and a 200 day moving average of $8.99. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $556.04 million, a P/E ratio of -77.92 and a beta of 0.76.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.36. The business had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. Green Dot had a negative net margin of 0.31% and a positive return on equity of 8.82%. The company’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, research analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 10,189 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $11.00, for a total transaction of $112,079.00. Following the completion of the sale, the insider owned 253,139 shares in the company, valued at approximately $2,784,529. The trade was a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.