Green Dot (NYSE:GDOT) Updates FY 2025 Earnings Guidance

by · The Cerbat Gem

Green Dot (NYSE:GDOT – Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.310-1.440 for the period, compared to the consensus earnings per share estimate of 1.220. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Northland Securities set a $18.00 price objective on Green Dot in a research note on Wednesday, October 15th. Finally, Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Check Out Our Latest Analysis on Green Dot

Green Dot Stock Performance

NYSE GDOT traded up $0.21 during trading hours on Monday, hitting $11.77. The company had a trading volume of 889,353 shares, compared to its average volume of 807,662. The business has a 50 day moving average of $13.19 and a 200-day moving average of $11.41. The company has a market cap of $651.66 million, a PE ratio of -26.74 and a beta of 0.80. Green Dot has a 1-year low of $6.12 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.69 and a current ratio of 0.69.

Green Dot (NYSE:GDOT – Get Free Report) last released its quarterly earnings results 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 negative net margin of 1.24% and a positive return on equity of 9.93%. The firm had revenue of $501.16 million during the quarter, compared to the consensus estimate of $496.49 million. During the same quarter in the prior year, the firm earned $0.25 EPS. Green Dot’s revenue for the quarter was up 23.9% on a year-over-year basis. As a group, equities research analysts expect that Green Dot will post 0.87 EPS for the current year.

Insider Transactions at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the 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 completion of the sale, the insider directly owned 226,656 shares of the company’s stock, valued at approximately $2,808,267.84. This trade represents a 10.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Green Dot

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the last quarter. Caxton Associates LLP purchased a new stake in Green Dot in the 1st quarter valued at approximately $96,000. State of Tennessee Department of Treasury grew its holdings in Green Dot by 99.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 22,966 shares of the financial services provider’s stock valued at $248,000 after buying an additional 11,423 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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. Finally, Creative Planning acquired a new position in shares of Green Dot in the second quarter worth $287,000. 92.56% of the stock is owned by institutional investors and hedge funds.

About Green Dot

(Get Free Report)

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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