Brokerages Set Green Dot Corporation (NYSE:GDOT) PT at $12.56

Shares of Green Dot Corporation (NYSE:GDOT) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.5625.

Several equities analysts have recently commented on the stock. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Wall Street Zen cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research cut Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Northland Securities set a $14.25 target price on Green Dot and gave the company a “market perform” rating in a report on Tuesday, November 25th.

Insider Buying and Selling at Green Dot

In other news, Director J Chris Brewster sold 7,969 shares of the firm’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 completion of the sale, the director directly owned 133,215 shares of the company’s stock, valued at approximately $1,647,869.55. This trade represents a 5.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Saturnino Sixto Fanlo sold 13,451 shares of the business’s 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 transaction, the director owned 92,737 shares in the company, valued at $1,169,413.57. This represents a 12.67% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Green Dot Trading Up 1.5%

Shares of GDOT stock opened at $12.33 on Friday. The business has a 50-day moving average of $12.51 and a 200 day moving average of $12.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.54 and a quick ratio of 0.54. Green Dot has a 1-year low of $6.12 and a 1-year high of $15.41. The stock has a market capitalization of $683.33 million, a PE ratio of -14.51 and a beta of 0.82.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $483.84 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Green Dot will post 0.87 earnings per share for the current year.

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.