Penserra Capital Management LLC Sells 15,687 Shares of Green Dot Corporation $GDOT

Penserra Capital Management LLC lessened its position in Green Dot Corporation (NYSE:GDOT) by 15.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,088 shares of the financial services provider’s stock after selling 15,687 shares during the period. Penserra Capital Management LLC owned about 0.16% of Green Dot worth $949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GDOT. Corton Capital Inc. acquired a new position in Green Dot during the second quarter worth approximately $225,000. AlphaQuest LLC raised its stake in Green Dot by 36.8% in the 2nd quarter. AlphaQuest LLC now owns 32,659 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 8,794 shares during the period. Connors Investor Services Inc. lifted its holdings in Green Dot by 23.0% during the 2nd quarter. Connors Investor Services Inc. now owns 335,932 shares of the financial services provider’s stock valued at $3,621,000 after purchasing an additional 62,850 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Green Dot by 109.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 23,951 shares of the financial services provider’s stock worth $258,000 after buying an additional 12,533 shares during the last quarter. Finally, CWM LLC grew its stake in Green Dot by 131.8% in the 2nd quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after buying an additional 4,926 shares during the last quarter. 92.56% of the stock is owned by institutional investors.

Green Dot Price Performance

Green Dot stock opened at $11.34 on Wednesday. The stock has a fifty day moving average of $13.10 and a 200-day moving average of $11.45. The stock has a market capitalization of $628.07 million, a P/E ratio of -13.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69. Green Dot Corporation has a 52 week low of $6.12 and a 52 week high of $15.41.

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

Wall Street Analysts Forecast Growth

GDOT has been the topic of a number of recent research reports. Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. William Blair reiterated a “market perform” rating on shares of Green Dot in a research report on Tuesday. Northland Securities set a $18.00 target price on shares of Green Dot in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.