Green Dot Corporation (NYSE:GDOT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Green Dot Corporation has received an average rating of "Moderate Buy" from five covering analysts, with a consensus twelve-month price target of $13.00.
• Insider Christian Devin Ruppel sold 27,931 shares at approximately $12.39 per share, reducing their ownership by 10.97% to 226,656 shares.
• The company reported earnings per share of $0.40, exceeding projected estimates by $0.23, and quarterly revenue increased by 23.9% compared to the same period last year.

Green Dot Corporation (NYSE:GDOT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.00.

Several brokerages have recently commented on GDOT. Keefe, Bruyette & Woods raised their price target on Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Northland Securities set a $16.00 price target on Green Dot in a research note on Tuesday, August 12th. Finally, Barclays raised their price target on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, May 12th.

Green Dot Trading Down 0.1%

Shares of NYSE:GDOT traded down $0.0080 on Thursday, hitting $13.4620. 172,374 shares of the company's stock were exchanged, compared to its average volume of 854,941. Green Dot has a 12 month low of $6.12 and a 12 month high of $14.27. The stock has a market capitalization of $745.66 million, a price-to-earnings ratio of -30.61 and a beta of 0.75. The business's 50 day simple moving average is $10.97 and its two-hundred day simple moving average is $9.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.69.

Green Dot (NYSE:GDOT - Get Free Report) last released its earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.23. The business 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 business's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts anticipate that Green Dot will post 0.87 EPS for the current fiscal year.

Insider Activity at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total value of $346,065.09. Following the transaction, the insider owned 226,656 shares in the company, valued at $2,808,267.84. The trade was 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 at the SEC website. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently added to or reduced their stakes in GDOT. Brooklyn Investment Group raised its holdings in 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 worth $30,000 after purchasing an additional 3,504 shares in the last quarter. Virtus Advisers LLC bought a new position in Green Dot in the second quarter worth about $33,000. GAMMA Investing LLC raised its holdings in Green Dot by 152.0% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock worth $48,000 after purchasing an additional 3,416 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in 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 worth $59,000 after purchasing an additional 861 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Green Dot by 23.1% in the second 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 in the last quarter. 92.56% of the stock is currently owned by institutional investors.

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.