Green Dot (NYSE:GDOT) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Green Dot's stock has been given a "sell (D-)" rating by Weiss Ratings, highlighting potential concerns among analysts about the company's performance.
• Despite the negative rating, Green Dot has seen support from other analysts, with Zacks Research upgrading it to a "strong-buy" rating and a consensus target price set at $13.00.
• The company reported a positive quarterly earnings performance, with an EPS of $0.40, surpassing consensus estimates and showing a revenue increase of 23.9% year-over-year.

Green Dot (NYSE:GDOT - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Zacks Research upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods lifted their target price on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. Finally, Northland Securities set a $16.00 target price on Green Dot in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Green Dot presently has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Green Dot Price Performance

Shares of Green Dot stock opened at $12.48 on Wednesday. The stock's 50-day simple moving average is $13.14 and its 200-day simple moving average is $10.63. Green Dot has a 52 week low of $6.12 and a 52 week high of $15.41. The company has a market capitalization of $691.30 million, a price-to-earnings ratio of -28.36 and a beta of 0.78. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07.

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. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%.The business had revenue of $501.16 million for the quarter, compared to the consensus estimate of $496.49 million. During the same period in the previous year, the business earned $0.25 earnings per share. The business's 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. As a group, analysts expect that Green Dot will post 0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Green Dot 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 transaction of $346,065.09. Following the sale, the insider directly owned 226,656 shares of the company's stock, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Green Dot

Several large investors have recently added to or reduced their stakes in GDOT. GAMMA Investing LLC increased its stake in Green Dot by 152.0% during the first 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. Allspring Global Investments Holdings LLC bought a new stake in Green Dot during the first quarter worth approximately $96,000. Penserra Capital Management LLC grew its stake in shares of Green Dot by 19.5% during the first quarter. Penserra Capital Management LLC now owns 103,775 shares of the financial services provider's stock valued at $875,000 after buying an additional 16,946 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Green Dot during the first quarter valued at approximately $692,000. Finally, GSA Capital Partners LLP bought a new position in shares of Green Dot during the first quarter valued at approximately $1,089,000. 92.56% of the stock is owned by institutional investors.

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.

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