Green Dot Corporation (NYSE:GDOT) Receives Average Rating of "Moderate Buy" from Analysts

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 been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

Several analysts recently issued reports on GDOT shares. Zacks Research raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Keefe, Bruyette & Woods increased their price target on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a report on Friday, July 11th. Finally, Northland Securities set a $16.00 price target on shares of Green Dot in a report on Tuesday, August 12th.

Green Dot Price Performance

NYSE GDOT opened at $13.57 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $9.84. The company has a market cap of $751.64 million, a P/E ratio of -30.84 and a beta of 0.77. Green Dot has a 1 year low of $6.12 and a 1 year high of $14.90.

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 (EPS) 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 negative net margin of 1.24% and a positive return on equity of 9.93%. Green Dot's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. On average, sell-side analysts predict that Green Dot will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Green Dot

Hedge funds have recently made changes to their positions in the business. Virtus Advisers LLC acquired a new position in shares of Green Dot in the 2nd quarter valued at $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 worth $30,000 after purchasing an additional 3,504 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in 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 worth $59,000 after acquiring an additional 861 shares during the last quarter. GAMMA Investing LLC grew its holdings in Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock worth $48,000 after acquiring an additional 3,416 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in 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 worth $70,000 after acquiring an additional 1,221 shares during the last quarter. Institutional investors and hedge funds 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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