Green Dot Corporation (NYSE:GDOT) Receives $13.00 Consensus Target Price from Analysts

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.

Shares of Green Dot Corporation (NYSE:GDOT - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.00.

GDOT has been the topic of a number of research analyst reports. Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Keefe, Bruyette & Woods boosted their price target on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Barclays boosted their price target on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, May 12th. Finally, Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Friday.

Insiders Place Their Bets

In related news, insider Christian Devin Ruppel sold 27,931 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the sale, the insider directly owned 226,656 shares of the company's stock, valued at $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Green Dot

Several large investors have recently added to or reduced their stakes in GDOT. Topline Capital Management LLC purchased a new stake in Green Dot during the 4th quarter worth approximately $57,209,000. Arrowstreet Capital Limited Partnership increased its stake in Green Dot by 403.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,223,123 shares of the financial services provider's stock worth $13,185,000 after buying an additional 980,012 shares during the period. Walmart Inc. purchased a new stake in Green Dot during the 4th quarter worth approximately $10,374,000. Nuveen LLC purchased a new stake in Green Dot during the 1st quarter worth approximately $5,901,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Green Dot by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after purchasing an additional 363,831 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Green Dot Trading Up 1.1%

Shares of Green Dot stock traded up $0.15 on Thursday, reaching $13.45. The company had a trading volume of 498,837 shares, compared to its average volume of 984,834. The firm's 50 day moving average price is $11.10 and its two-hundred day moving average price is $9.41. The firm has a market cap of $744.72 million, a PE ratio of -30.56 and a beta of 0.75. Green Dot has a 52-week low of $6.12 and a 52-week high of $14.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69.

Green Dot (NYSE:GDOT - Get Free Report) last released 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 business had revenue of $501.16 million for the quarter, compared to the consensus estimate of $496.49 million. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The business's revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Sell-side analysts predict that Green Dot will post 0.87 earnings per share for the current fiscal year.

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.