Green Dot Corporation (NYSE:GDOT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have given Green Dot Corporation (NYSE:GDOT) a consensus rating of "Moderate Buy", with an average price target of $13.00.
• In its latest quarterly earnings report, Green Dot beat analysts' expectations by posting $0.40 earnings per share against a consensus estimate of $0.17, and revenue of $501.16 million.
• Insider trading activity includes Christian Devin Ruppel selling over 27,000 shares at an average price of $12.39, representing a 10.97% decrease in his position.

Shares of Green Dot Corporation (NYSE:GDOT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.00.

GDOT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research report on Friday, July 11th. Northland Securities set a $16.00 price objective on Green Dot in a research report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Green Dot in a report on Wednesday. Finally, Zacks Research raised Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd.

Green Dot Stock Up 2.3%

GDOT stock opened at $12.76 on Friday. Green Dot has a twelve month low of $6.12 and a twelve month high of $15.41. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. The stock has a market cap of $706.78 million, a P/E ratio of -29.00 and a beta of 0.78. The business's 50-day moving average price is $13.19 and its 200-day moving average price is $10.67.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.23. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The firm had revenue of $501.16 million for the quarter, compared to analysts' expectations of $496.49 million. During the same period in the previous year, the firm earned $0.25 EPS. The business's quarterly revenue was up 23.9% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. On average, equities research analysts forecast that Green Dot will post 0.87 EPS for the current year.

Insider Buying and Selling

In related news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction that occurred on 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 directly owned 226,656 shares of the company's stock, valued at approximately $2,808,267.84. The trade was a 10.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Green Dot

Large investors have recently added to or reduced their stakes in the company. Virtus Advisers LLC bought a new position in shares of Green Dot during the 2nd quarter valued at approximately $33,000. Brooklyn Investment Group increased its position in shares of Green Dot by 350,400.0% during the 1st quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 3,504 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Green Dot by 18.6% during the 2nd 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 during the last quarter. GAMMA Investing LLC increased its position in shares of Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 3,416 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position 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 purchasing an additional 1,221 shares during the last quarter. Institutional investors own 92.56% of the company's stock.

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.

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