Green Dot (NYSE:GDOT) Issues Earnings Results

Key Points

• Green Dot reported earnings of $0.33 per share for the latest quarter, exceeding expectations of $0.17 by a significant margin.
• The company has updated its full-year 2025 guidance to an EPS range of $1.280-$1.420.
• Institutional investors now own approximately 92.56% of Green Dot's stock, indicating strong interest from major investment firms.

Green Dot (NYSE:GDOT - Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.23, Briefing.com reports. Green Dot had a positive return on equity of 8.82% and a negative net margin of 0.31%. The company had revenue of $501.16 million during the quarter, compared to analysts' expectations of $496.49 million. During the same period last year, the business posted $0.25 earnings per share. The firm's revenue was up 23.9% compared to the same quarter last year. Green Dot updated its FY 2025 guidance to 1.280-1.420 EPS.

Green Dot Stock Up 2.2%

Shares of GDOT stock opened at $9.85 on Tuesday. The stock's 50-day simple moving average is $10.31 and its 200-day simple moving average is $9.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $540.61 million, a PE ratio of -75.76 and a beta of 0.75. Green Dot has a fifty-two week low of $6.12 and a fifty-two week high of $13.58.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Caxton Associates LLP acquired a new stake in Green Dot during the first quarter worth about $96,000. Creative Planning acquired a new stake in Green Dot in the second quarter valued at approximately $287,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Green Dot by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 1,341 shares during the period. Empowered Funds LLC grew its holdings in Green Dot by 7.2% in the first quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider's stock valued at $1,679,000 after purchasing an additional 13,437 shares during the period. Finally, Jane Street Group LLC grew its holdings in Green Dot by 235.6% in the first quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider's stock valued at $3,777,000 after purchasing an additional 314,208 shares during the period. 92.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GDOT. Barclays increased 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. Wall Street Zen upgraded Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Keefe, Bruyette & Woods increased 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.00.

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.