Green Dot Corporation (NYSE:GDOT) Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in Green Dot Corporation (NYSE:GDOT) by 41.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,738 shares of the financial services provider’s stock after selling 2,685 shares during the quarter. Cwm LLC’s holdings in Green Dot were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GDOT. Topline Capital Management LLC purchased a new stake in shares of Green Dot during the 4th quarter worth about $57,209,000. Vanguard Group Inc. grew its holdings in Green Dot by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider’s stock valued at $38,141,000 after purchasing an additional 71,534 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Green Dot by 20.8% in 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 buying an additional 363,831 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider’s stock valued at $13,173,000 after buying an additional 14,771 shares in the last quarter. Finally, Walmart Inc. acquired a new position in shares of Green Dot during the 4th quarter worth approximately $10,374,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the sale, the insider owned 253,139 shares of the company’s stock, valued at $2,784,529. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, May 12th. Northland Capmk raised shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods boosted their target price on Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Wall Street Zen raised Green Dot from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, Northland Securities upgraded Green Dot from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Green Dot Stock Up 0.9%

GDOT stock opened at $9.97 on Tuesday. Green Dot Corporation has a 12 month low of $6.12 and a 12 month high of $13.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $547.25 million, a price-to-earnings ratio of -76.69 and a beta of 0.75. The company has a fifty day moving average price of $10.27 and a 200 day moving average price of $9.02.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results 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. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period last year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. Sell-side analysts expect 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.