Key Points
- Director J. Chris Brewster sold 7,969 shares at an average price of $12.37 for a total of $98,576.53, trimming his stake by 5.64% to 133,215 shares (about $1.65M).
- Recent results topped expectations: Green Dot reported $0.06 EPS versus a -$0.11 consensus and revenue of $491.85M (up 20.8% YoY), and set FY2025 guidance of $1.310–$1.440 EPS.
- Market and analyst stance: GDOT trades near $12.57 with a $696.7M market cap; analysts have a consensus "Reduce" rating and an average target price of $12.56.
Green Dot Corporation (NYSE:GDOT - Get Free Report) Director J Chris Brewster sold 7,969 shares of Green Dot stock in a transaction on Friday, November 28th. The shares were sold at an average price of $12.37, for a total value of $98,576.53. Following the completion of the transaction, the director owned 133,215 shares of the company's stock, valued at approximately $1,647,869.55. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Green Dot Stock Performance
Shares of GDOT opened at $12.57 on Friday. Green Dot Corporation has a 52-week low of $6.12 and a 52-week high of $15.41. The stock's 50-day simple moving average is $12.42 and its 200 day simple moving average is $11.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $696.65 million, a price-to-earnings ratio of -14.79 and a beta of 0.80.
Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.17. Green Dot had a positive return on equity of 9.81% and a negative net margin of 2.33%.The firm had revenue of $491.85 million for the quarter, compared to analysts' expectations of $483.84 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company's revenue was up 20.8% on a year-over-year basis. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. Research analysts forecast that Green Dot Corporation will post 0.87 EPS for the current fiscal year.
Hedge Funds Weigh In On Green Dot
Several institutional investors have recently modified their holdings of GDOT. State of Alaska Department of Revenue purchased a new position in shares of Green Dot during the 3rd quarter valued at about $29,000. Virtus Advisers LLC bought a new position in Green Dot during the second quarter valued at approximately $33,000. Brooklyn Investment Group raised its stake in shares of Green Dot by 350,400.0% during the first quarter. Brooklyn Investment Group now owns 3,505 shares of the financial services provider's stock worth $30,000 after acquiring an additional 3,504 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot by 18.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider's stock worth $59,000 after acquiring an additional 861 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Green Dot by 23.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,221 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on GDOT shares. Northland Capmk cut shares of Green Dot from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Northland Securities set a $14.25 price target on shares of Green Dot and gave the stock a "market perform" rating in a report on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of Green Dot in a research note on Wednesday, October 8th. Zacks Research cut Green Dot from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 16th. Finally, Wall Street Zen cut Green Dot from a "buy" rating to a "hold" rating in a report on Saturday, November 15th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $12.56.
Check Out Our Latest Research Report on GDOT
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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