Green Dot Corporation (NYSE:GDOT) Given Average Rating of “Reduce” by Brokerages

Green Dot Corporation (NYSE:GDOT) has earned a consensus rating of “Reduce” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $12.5625.

Several analysts have issued reports on the company. Northland Securities set a $14.25 price target on Green Dot and gave the company a “market perform” rating in a research note on Tuesday, November 25th. William Blair restated a “market perform” rating on shares of Green Dot in a research note on Tuesday, November 11th. Wall Street Zen cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Northland Capmk cut Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Zacks Research lowered Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th.

Green Dot Stock Down 1.8%

NYSE GDOT opened at $12.08 on Friday. Green Dot has a 1-year low of $6.12 and a 1-year high of $15.41. The company has a market capitalization of $669.47 million, a price-to-earnings ratio of -14.21 and a beta of 0.82. The stock’s 50 day moving average is $12.45 and its two-hundred day moving average is $12.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.07.

Green Dot (NYSE:GDOT) last posted 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. Green Dot had a negative net margin of 2.33% and a positive return on equity of 9.81%. The firm had revenue of $491.85 million during the quarter, compared to analysts’ expectations of $483.84 million. During the same quarter in the previous year, the company posted $0.13 EPS. Green Dot’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. Equities analysts forecast that Green Dot will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Saturnino Sixto Fanlo sold 13,451 shares of the firm’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 completion of the sale, the director owned 92,737 shares in the company, valued at approximately $1,169,413.57. This trade represents a 12.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J Chris Brewster sold 7,969 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $12.37, for a total transaction of $98,576.53. Following the completion of the transaction, the director owned 133,215 shares in the company, valued at approximately $1,647,869.55. This trade represents a 5.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Green Dot

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. Ameritas Investment Partners Inc. raised 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 purchasing an additional 861 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Green Dot during the third quarter worth $29,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Green Dot by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock valued at $662,000 after purchasing an additional 2,412 shares in the last quarter. Institutional investors 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.