Green Dot (GDOT) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Green Dot in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GDOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GDOT, but not buy additional shares or sell existing shares.
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5 brokers have issued 1 year target prices for Green Dot's stock. Their GDOT share price forecasts range from $16.00 to $30.00. On average, they expect the company's share price to reach $22.50 in the next twelve months. This suggests a possible upside of 66.8% from the stock's current price.
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Green Dot's stock was trading at $15.82 at the beginning of 2023. Since then, GDOT shares have decreased by 14.7% and is now trading at $13.49.
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Green Dot saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,400,000 shares, a decline of 18.6% from the August 15th total of 1,720,000 shares. Based on an average trading volume of 294,200 shares, the days-to-cover ratio is currently 4.8 days. Approximately 2.8% of the shares of the stock are short sold.
View Green Dot's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our GDOT earnings forecast.

Green Dot Co. (NYSE:GDOT) issued its quarterly earnings data on Thursday, August, 3rd. The financial services provider reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. The financial services provider had revenue of $361.14 million for the quarter, compared to analyst estimates of $332.39 million. Green Dot had a net margin of 3.21% and a trailing twelve-month return on equity of 10.25%.

ETFs with the largest weight of Green Dot (NYSE:GDOT) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).ETFMG Prime Mobile Payments ETF (IPAY).

Green Dot issued an update on its FY 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of $1.80-$1.90 for the period, compared to the consensus estimate of $1.84. The company issued revenue guidance of $1.38 billion-$1.46 billion, compared to the consensus revenue estimate of $1.42 billion.

10 employees have rated Green Dot Chief Executive Officer Dan Henry on Glassdoor.com. Dan Henry has an approval rating of 33% among the company's employees. This puts Dan Henry in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Green Dot investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), Twilio (TWLO), Micron Technology (MU), Boeing (BA), Alibaba Group (BABA), Block (SQ), Applied Materials (AMAT) and FireEye (FEYE).

Green Dot trades on the New York Stock Exchange (NYSE) under the ticker symbol "GDOT."

Green Dot's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.13%), Dimensional Fund Advisors LP (4.67%), State Street Corp (4.07%), Geode Capital Management LLC (1.79%), Divisar Capital Management LLC (1.57%) and Charles Schwab Investment Management Inc. (1.25%). Insiders that own company stock include Glinda Bridgforth-Hodges, J Chris Brewster, Jason Bibelheimer, Jeffrey Osher, Jess Unruh, Kristina S Lockwood, Rajeev V Date and William I Jacobs.
View institutional ownership trends.

Shares of GDOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GDOT stock can currently be purchased for approximately $13.49.

Green Dot (NYSE:GDOT) has a market capitalization of $706.20 million and generates $1.45 billion in revenue each year. The financial services provider earns $64.21 million in net income (profit) each year or $0.90 on an earnings per share basis.

The company employs 1,200 workers across the globe.

Green Dot's mailing address is 3465 EAST FOOTHILL BOULEVARD, PASADENA CA, 91107. The official website for the company is www.greendot.com. The financial services provider can be reached via phone at (626) 765-2000 or via email at ir@greendot.com.