Green Dot (NYSE:GDOT) Stock Price Down 7.1% – What’s Next?

Green Dot Corporation (NYSE:GDOT)’s share price traded down 7.1% during mid-day trading on Tuesday . The stock traded as low as $10.10 and last traded at $10.9750. 362,748 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 807,085 shares. The stock had previously closed at $11.82.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GDOT. Northland Securities set a $18.00 price objective on Green Dot in a research note on Wednesday, October 15th. William Blair reaffirmed a “market perform” rating on shares of Green Dot in a research note on Tuesday. 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 reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.50.

Green Dot Price Performance

The firm has a market cap of $612.37 million, a P/E ratio of -25.08 and a beta of 0.80. The stock’s 50-day moving average is $13.15 and its 200-day moving average is $11.43. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07.

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, topping the consensus estimate of ($0.11) by $0.17. The company had revenue of $491.85 million for the quarter, compared to analyst estimates of $483.84 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.Green Dot’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. As a group, equities analysts anticipate that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its holdings 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 buying an additional 861 shares during the period. Tower Research Capital LLC TRC increased its stake 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 worth $70,000 after purchasing an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock valued at $268,000 after buying an additional 1,341 shares during the last quarter. MetLife Investment Management LLC lifted its position in Green Dot by 5.1% during the first quarter. MetLife Investment Management LLC now owns 30,396 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Green Dot by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,356 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,843 shares during the period. Institutional investors own 92.56% of the company’s stock.

About Green Dot

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.