Brokerages Set Green Dot Corporation (NYSE:GDOT) Price Target at $13.00

Green Dot Corporation (NYSE:GDOT) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several analysts have recently commented on GDOT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Green Dot from $11.00 to $12.00 and gave the company a “market perform” rating in a report on Friday, July 11th. Northland Securities set a $18.00 price objective on Green Dot in a report on Wednesday. Finally, Zacks Research raised Green Dot from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd.

Green Dot Stock Performance

Shares of GDOT opened at $12.21 on Friday. Green Dot has a 12 month low of $6.12 and a 12 month high of $15.41. The stock has a fifty day moving average price of $13.45 and a 200-day moving average price of $10.81. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07. The firm has a market cap of $676.31 million, a PE ratio of -27.75 and a beta of 0.78.

Green Dot (NYSE:GDOT) last issued 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 firm had revenue of $501.16 million during the quarter, compared to analyst estimates of $496.49 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Equities research analysts predict that Green Dot will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Christian Devin Ruppel sold 27,931 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $12.39, for a total value of $346,065.09. Following the transaction, the insider directly owned 226,656 shares of the company’s stock, valued at $2,808,267.84. This represents a 10.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Green Dot

Several hedge funds have recently made changes to their positions in GDOT. GAMMA Investing LLC increased its position in shares of Green Dot by 152.0% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 3,416 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Green Dot in the 1st quarter valued at $96,000. Penserra Capital Management LLC increased its position in shares of Green Dot by 19.5% in the 1st quarter. Penserra Capital Management LLC now owns 103,775 shares of the financial services provider’s stock valued at $875,000 after acquiring an additional 16,946 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Green Dot during the 1st quarter worth about $692,000. Finally, GSA Capital Partners LLP acquired a new stake in Green Dot during the 1st quarter worth about $1,089,000. 92.56% of the stock is owned by institutional investors and hedge funds.

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.