Green Dot Corporation (NYSE:GDOT) Receives $13.00 Average Price Target from Brokerages

Key Points

• Green Dot Corporation (NYSE:GDOT) has an average rating of "Moderate Buy" from analysts, with a 12-month price target of $13.00.
• The company reported earnings of $0.40 EPS for the last quarter, exceeding estimates and showing a revenue increase of 23.9% year-over-year.
• Insider Christian Devin Ruppel recently sold 27,931 shares at an average price of $12.39, reducing their ownership by nearly 11%.

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

Several equities analysts have commented on GDOT shares. Zacks Research raised Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods raised 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. Wall Street Zen raised Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Northland Securities set a $16.00 price objective on Green Dot in a research report on Tuesday, August 12th.

Green Dot Trading Down 5.1%

GDOT stock traded down $0.78 on Monday, reaching $14.47. The company's stock had a trading volume of 1,580,587 shares, compared to its average volume of 646,968. The business has a fifty day simple moving average of $12.31 and a two-hundred day simple moving average of $10.06. Green Dot has a 12-month low of $6.12 and a 12-month high of $15.41. The firm has a market cap of $801.49 million, a PE ratio of -32.89 and a beta of 0.77. 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 announced its quarterly earnings data on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.17 by $0.23. The business had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The company's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. As a group, research analysts forecast that Green Dot will post 0.87 EPS for the current year.

Insider Activity

In other 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 completion of the transaction, the insider owned 226,656 shares of the company's stock, valued at $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 available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

Several large investors have recently modified their holdings of GDOT. Brooklyn Investment Group raised its position in shares of Green Dot by 350,400.0% in the 1st 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 during the last quarter. Virtus Advisers LLC purchased a new position in shares of Green Dot in the 2nd quarter worth about $33,000. GAMMA Investing LLC raised its position in shares of Green Dot by 152.0% in the 1st 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 during the last quarter. Ameritas Investment Partners Inc. raised its position 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 worth $59,000 after purchasing an additional 861 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 worth $70,000 after purchasing an additional 1,221 shares during the last quarter. Hedge funds and other 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.