Green Dot (NYSE:GDOT) Cut to “Hold” at Northland Capmk

Northland Capmk cut shares of Green Dot (NYSE:GDOT) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other analysts have also issued reports on GDOT. Wall Street Zen lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Northland Securities set a $14.25 price objective on shares of Green Dot and gave the company a “market perform” rating in a research report on Tuesday. Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, William Blair reiterated a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $12.56.

Green Dot Stock Up 3.9%

Shares of Green Dot stock opened at $12.30 on Tuesday. Green Dot has a twelve month low of $6.12 and a twelve month high of $15.41. The stock has a market cap of $681.39 million, a price-to-earnings ratio of -14.46 and a beta of 0.80. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $12.46 and a 200 day moving average price of $11.64.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Monday, November 10th. The financial services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $491.85 million for the quarter, compared to analysts’ expectations of $483.84 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The firm’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. Equities research analysts forecast that Green Dot will post 0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Green Dot

A number of hedge funds have recently bought and sold shares of the company. Acuitas Investments LLC acquired a new stake in Green Dot during the third quarter valued at approximately $3,648,000. Jacobs Levy Equity Management Inc. grew its position in shares of Green Dot by 7.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 740,695 shares of the financial services provider’s stock worth $9,948,000 after acquiring an additional 50,064 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in shares of Green Dot in the 3rd quarter valued at approximately $13,031,000. Caxton Associates LLP increased its holdings in shares of Green Dot by 195.6% in the 3rd quarter. Caxton Associates LLP now owns 88,303 shares of the financial services provider’s stock valued at $1,186,000 after acquiring an additional 58,433 shares during the last quarter. Finally, Virtus Advisers LLC raised its position in shares of Green Dot by 2,514.6% during the 3rd quarter. Virtus Advisers LLC now owns 80,268 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 77,198 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Company 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.