Green Dot Corporation (NYSE:GDOT) Receives Consensus Rating of “Reduce” from Analysts

Shares of Green Dot Corporation (NYSE:GDOT) have been given an average rating of “Reduce” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.5625.

A number of brokerages recently weighed in on GDOT. William Blair reiterated a “market perform” rating on shares of Green Dot in a research report on Tuesday, November 11th. Northland Capmk lowered shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Northland Securities set a $14.25 price target on shares of Green Dot and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. Zacks Research lowered shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th.

Green Dot Stock Up 0.3%

Shares of Green Dot stock opened at $13.04 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.07. Green Dot has a 12 month low of $6.12 and a 12 month high of $15.41. The business has a fifty day simple moving average of $12.31 and a 200 day simple moving average of $12.12. The stock has a market cap of $722.40 million, a PE ratio of -15.34 and a beta of 0.84.

Green Dot (NYSE:GDOT) last released its earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $483.84 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’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. Research analysts predict that Green Dot will post 0.87 EPS for the current year.

Insider Activity

In related news, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.61, for a total value of $169,617.11. Following the completion of the transaction, the director directly owned 92,737 shares in the company, valued at approximately $1,169,413.57. The trade was a 12.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Chris Brewster sold 7,969 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $12.37, for a total value of $98,576.53. Following the sale, the director directly owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. The trade was a 5.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GDOT. State of Alaska Department of Revenue acquired a new stake in shares of Green Dot during the third quarter worth $29,000. Virtus Advisers LLC bought a new position in Green Dot during the 2nd quarter worth about $33,000. Ameritas Investment Partners Inc. raised its stake in shares of Green Dot by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 861 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the period. Finally, CWM LLC lifted its holdings in shares of Green Dot by 131.8% in the second quarter. CWM LLC now owns 8,664 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 4,926 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.