Green Dot (NYSE:GDOT) Releases Quarterly Earnings Results

Green Dot (NYSE:GDOT) posted its earnings results on Monday. The financial services provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.17, FiscalAI reports. The firm had revenue of $491.85 million for the quarter, compared to analysts’ expectations of $483.84 million. Green Dot had a negative net margin of 2.33% and a positive return on equity of 9.81%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 EPS. Green Dot updated its FY 2025 guidance to 1.310-1.440 EPS.

Green Dot Price Performance

Shares of NYSE:GDOT opened at $11.41 on Wednesday. The stock has a market cap of $632.22 million, a P/E ratio of -13.42 and a beta of 0.80. Green Dot has a 12 month low of $6.12 and a 12 month high of $15.41. The company has a 50 day moving average of $13.10 and a 200 day moving average of $11.45. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07.

Institutional Trading of Green Dot

Large investors have recently modified their holdings of the business. Ameriprise Financial Inc. raised its stake in Green Dot by 52.9% in the second quarter. Ameriprise Financial Inc. now owns 202,854 shares of the financial services provider’s stock valued at $2,187,000 after purchasing an additional 70,209 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Green Dot by 24.9% during the 2nd quarter. Squarepoint Ops LLC now owns 183,924 shares of the financial services provider’s stock valued at $1,983,000 after buying an additional 36,704 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of 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 last quarter. Rhumbline Advisers lifted its holdings in shares of Green Dot by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 84,504 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 2,938 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in Green Dot in the second quarter worth $721,000. Institutional investors own 92.56% of the company’s stock.

Analyst Ratings Changes

GDOT has been the topic of a number of recent analyst reports. Northland Securities set a $18.00 price target on Green Dot in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Zacks Research cut Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Finally, William Blair reissued a “market perform” rating on shares of Green Dot in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Green Dot presently has a consensus rating of “Hold” and a consensus target price of $13.50.

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.