10,473 Shares in Green Dot Corporation $GDOT Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Green Dot Corporation (NYSE:GDOT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,473 shares of the financial services provider’s stock, valued at approximately $117,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDOT. Allspring Global Investments Holdings LLC purchased a new position in shares of Green Dot during the 1st quarter valued at about $96,000. DLD Asset Management LP bought a new stake in Green Dot during the 1st quarter worth approximately $549,000. Strs Ohio purchased a new position in Green Dot during the first quarter valued at approximately $603,000. Cubist Systematic Strategies LLC purchased a new position in Green Dot during the first quarter valued at approximately $507,000. Finally, XTX Topco Ltd increased its stake in shares of Green Dot by 436.8% in the first quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 187,293 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Insider Transactions at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,808,267.84. This trade represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Green Dot from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Finally, Northland Securities set a $16.00 target price on Green Dot in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.00.

Green Dot Price Performance

Green Dot stock opened at $12.44 on Monday. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $15.41. 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’s fifty day moving average is $13.24 and its 200 day moving average is $10.73. The company has a market cap of $689.05 million, a price-to-earnings ratio of -28.27 and a beta of 0.78.

Green Dot (NYSE:GDOT) last posted its earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The firm had revenue of $501.16 million for the quarter, compared to the consensus estimate of $496.49 million. During the same period in the previous year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 23.9% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Sell-side analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal 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.