Penserra Capital Management LLC Has $949,000 Stock Position in Green Dot Corporation $GDOT

Penserra Capital Management LLC decreased its position in shares of Green Dot Corporation (NYSE:GDOT) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,088 shares of the financial services provider’s stock after selling 15,687 shares during the quarter. Penserra Capital Management LLC’s holdings in Green Dot were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GDOT. Y Intercept Hong Kong Ltd bought a new position in Green Dot during the first quarter worth $692,000. GSA Capital Partners LLP bought a new stake in Green Dot during the first quarter valued at $1,089,000. XTX Topco Ltd grew its holdings in Green Dot by 436.8% during the 1st quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider’s stock worth $1,943,000 after acquiring an additional 187,293 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Green Dot by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,843 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Green Dot in the 1st quarter worth about $5,901,000. 92.56% of the stock is owned by institutional investors.

Green Dot Trading Down 4.1%

Shares of Green Dot stock opened at $11.34 on Wednesday. The company has a market capitalization of $628.07 million, a P/E ratio of -13.34 and a beta of 0.80. The stock has a fifty day simple moving average of $13.10 and a 200 day simple moving average of $11.45. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $15.41. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. The company had revenue of $491.85 million for the quarter, compared to analyst estimates of $483.84 million. Green Dot had a negative net margin of 2.33% and a positive return on equity of 9.81%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. On average, sell-side analysts anticipate that Green Dot Corporation will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GDOT shares. Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Northland Securities set a $18.00 price objective on shares of Green Dot in a research report on Wednesday, October 15th. Finally, William Blair reiterated a “market perform” rating on shares of Green Dot in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.50.

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.