Green Dot (NYSE:GDOT) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Green Dot (NYSE:GDOT) announced its quarterly earnings results on Monday. The financial services provider reported ($0.02) EPS for the quarter, topping the consensus estimate 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

Shares of GDOT stock traded up $0.21 during mid-day trading on Monday, reaching $11.77. The stock had a trading volume of 890,804 shares, compared to its average volume of 809,445. Green Dot has a one year low of $6.12 and a one year high of $15.41. The firm has a market cap of $651.66 million, a PE ratio of -26.74 and a beta of 0.80. The firm’s 50 day simple moving average is $13.19 and its 200 day simple moving average is $11.41. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GDOT. Northland Securities set a $18.00 price objective on shares of Green Dot in a report on Wednesday, October 15th. Zacks Research lowered shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Green Dot

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Green Dot by 23.1% during 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 acquiring an additional 1,221 shares during the period. Caxton Associates LLP acquired a new position in Green Dot during the 1st quarter valued at about $96,000. State of Tennessee Department of Treasury boosted its stake in shares of Green Dot by 99.0% in 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 purchasing an additional 11,423 shares during the last quarter. 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 buying an additional 1,341 shares during the period. Finally, Creative Planning acquired a new stake in shares of Green Dot during the 2nd quarter worth approximately $287,000. Institutional investors own 92.56% of the company’s stock.

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.