Green Dot (NYSE:GDOT) Announces Earnings Results, Beats Expectations By $0.23 EPS

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) issued its quarterly earnings results on Monday. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.23, Briefing.com reports. The firm had revenue of $501.16 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $0.25 EPS. Green Dot updated its FY 2025 guidance to 1.280-1.420 EPS.

Green Dot Price Performance

Shares of NYSE GDOT traded down $0.35 during midday trading on Friday, hitting $13.44. The company had a trading volume of 232,625 shares, compared to its average volume of 858,142. The company has a quick ratio of 0.58, a current ratio of 0.69 and a debt-to-equity ratio of 0.07. Green Dot has a twelve month low of $6.12 and a twelve month high of $14.27. The business has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $9.15. The firm has a market capitalization of $737.72 million, a price-to-earnings ratio of -30.64 and a beta of 0.75.

Analysts Set New Price Targets

A number of analysts recently weighed in on GDOT shares. Northland Securities set a $16.00 price target on shares of Green Dot in a research note on Tuesday. Barclays raised their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Wall Street Zen upgraded shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Insider Activity at Green Dot

In related news, insider Christian Devin Ruppel sold 27,931 shares of the firm's stock in a transaction dated 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 owned 226,656 shares in the company, valued at $2,808,267.84. This trade represents a 10.97% decrease in their ownership of the stock. 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 owned by company insiders.

Institutional Trading of Green Dot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caxton Associates LLP purchased a new stake in shares of Green Dot during the first quarter worth about $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Green Dot by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider's stock worth $268,000 after buying an additional 1,341 shares in the last quarter. Creative Planning purchased a new stake in shares of Green Dot during the second quarter worth about $287,000. Russell Investments Group Ltd. grew its holdings in shares of Green Dot by 4.1% during the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider's stock worth $662,000 after buying an additional 2,412 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Green Dot by 13.0% during the second quarter. Sei Investments Co. now owns 64,047 shares of the financial services provider's stock worth $690,000 after buying an additional 7,379 shares in the last quarter. Institutional investors and hedge funds 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.