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

Shares of Green Dot Corporation (NYSE:GDOT) have earned an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.5625.

Several brokerages have recently issued reports on GDOT. Northland Securities set a $14.25 target price on Green Dot and gave the stock a “market perform” rating in a report on Tuesday. Zacks Research cut Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Wall Street Zen downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, William Blair restated a “market perform” rating on shares of Green Dot in a research report on Tuesday, November 11th.

Insider Transactions at Green Dot

In other news, Director J Chris Brewster sold 7,969 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were 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 in the company, valued at $1,647,869.55. The trade was a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.61, for a total transaction of $169,617.11. Following the completion of the transaction, the director directly owned 92,737 shares of the company’s stock, valued at approximately $1,169,413.57. The trade was a 12.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Green Dot

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Green Dot during the 3rd quarter valued at $29,000. Virtus Advisers LLC bought a new position in Green Dot during the second quarter valued at $33,000. Brooklyn Investment Group raised its stake in shares of Green Dot by 350,400.0% in the first quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 3,504 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Green Dot by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 861 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings 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 worth $70,000 after acquiring an additional 1,221 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $12.57 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. The firm has a fifty day moving average price of $12.42 and a 200 day moving average price of $11.66. Green Dot has a fifty-two week low of $6.12 and a fifty-two week high of $15.41. The firm has a market cap of $696.63 million, a price-to-earnings ratio of -14.79 and a beta of 0.80.

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

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.