Green Dot (NYSE:GDOT) Announces Earnings Results

by · The Cerbat Gem

Green Dot (NYSE:GDOT – Get Free Report) announced its quarterly earnings data on Monday. The financial services provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09, Zacks reports. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%. Green Dot updated its FY 2025 guidance to 1.310-1.440 EPS.

Green Dot Stock Performance

NYSE:GDOT traded up $0.21 during mid-day trading on Monday, hitting $11.77. 890,050 shares of the stock were exchanged, compared to its average volume of 809,442. The firm’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $11.41. The stock has a market capitalization of $651.66 million, a price-to-earnings ratio of -26.74 and a beta of 0.80. Green Dot has a fifty-two week low of $6.12 and a fifty-two week 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.

Analyst Upgrades and Downgrades

GDOT has been the topic of a number of recent analyst reports. Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Wednesday, October 8th. Finally, Northland Securities set a $18.00 price target on Green Dot in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Check Out Our Latest Analysis on GDOT

Insiders Place Their Bets

In other news, insider Christian Devin Ruppel sold 27,931 shares of Green Dot stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Trading of Green Dot

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Green Dot by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 1,341 shares in the last quarter. Caxton Associates LLP bought a new position in Green Dot during the 1st quarter worth $96,000. Empowered Funds LLC increased its stake in Green Dot by 7.2% during the 1st quarter. Empowered Funds LLC now owns 198,919 shares of the financial services provider’s stock worth $1,679,000 after acquiring an additional 13,437 shares during the period. Jane Street Group LLC raised its holdings in Green Dot by 235.6% in the 1st quarter. Jane Street Group LLC now owns 447,546 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 314,208 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Green Dot during the 2nd quarter valued at $287,000. Institutional investors and hedge funds own 92.56% of the company’s stock.

Green Dot Company Profile

(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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