Green Dot Corporation (NYSE:GDOT) Receives $13.00 Average PT from Brokerages

Green Dot Corporation (NYSE:GDOT) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $13.00.

Several equities research analysts have recently weighed in on GDOT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Northland Securities set a $16.00 price objective on Green Dot in a report on Tuesday, August 12th. Keefe, Bruyette & Woods increased their price objective on Green Dot from $11.00 to $12.00 and gave the company a “market perform” rating in a report on Friday, July 11th. Finally, Zacks Research raised Green Dot from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd.

Green Dot Stock Performance

Shares of GDOT opened at $12.44 on Friday. The stock has a 50 day moving average price of $13.24 and a 200 day moving average price of $10.73. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $689.05 million, a price-to-earnings ratio of -28.27 and a beta of 0.78. Green Dot has a 52-week low of $6.12 and a 52-week high of $15.41.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.23. The firm had revenue of $501.16 million during the quarter, compared to the consensus estimate of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Research analysts predict that Green Dot will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Green Dot

In other news, insider Christian Devin Ruppel sold 27,931 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider owned 226,656 shares in the company, valued at $2,808,267.84. This represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Green Dot

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Green Dot during the first quarter worth approximately $96,000. DLD Asset Management LP purchased a new stake in shares of Green Dot during the first quarter worth approximately $549,000. Strs Ohio purchased a new stake in shares of Green Dot during the first quarter worth approximately $603,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Green Dot during the first quarter worth approximately $507,000. Finally, XTX Topco Ltd raised its stake in shares of Green Dot by 436.8% during the first quarter. XTX Topco Ltd now owns 230,175 shares of the financial services provider’s stock worth $1,943,000 after purchasing an additional 187,293 shares during the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

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.