DGS Capital Management LLC Invests $139,000 in Green Dot Co. (NYSE:GDOT)

DGS Capital Management LLC purchased a new position in Green Dot Co. (NYSE:GDOT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,942 shares of the financial services provider’s stock, valued at approximately $139,000.

A number of other large investors have also recently made changes to their positions in GDOT. Meeder Asset Management Inc. bought a new stake in shares of Green Dot in the fourth quarter worth approximately $53,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock worth $73,000 after buying an additional 2,074 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Green Dot by 65.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock worth $86,000 after buying an additional 2,434 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Green Dot in the fourth quarter worth approximately $119,000. Finally, Journey Strategic Wealth LLC purchased a new position in shares of Green Dot in the fourth quarter worth approximately $128,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Stock Down 2.9 %

Shares of NYSE:GDOT opened at $9.43 on Friday. Green Dot Co. has a 1-year low of $7.30 and a 1-year high of $21.37. The firm’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $9.14.

Green Dot (NYSE:GDOT) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The company had revenue of $447.42 million during the quarter, compared to analysts’ expectations of $415.70 million. On average, sell-side analysts anticipate that Green Dot Co. will post 1.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Truist Financial lifted their price target on shares of Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, StockNews.com raised shares of Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.75.

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.