Green Dot (NYSE:GDOT – Get Free Report) released its earnings results on Monday. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.24, FiscalAI reports. Green Dot had a negative net margin of 4.75% and a positive return on equity of 6.93%. The company had revenue of $652.03 million during the quarter, compared to the consensus estimate of $597.39 million.
Green Dot Stock Performance
NYSE GDOT traded down $0.19 during trading hours on Monday, reaching $12.43. The company’s stock had a trading volume of 443,498 shares, compared to its average volume of 606,976. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $12.07. Green Dot has a 52 week low of $8.95 and a 52 week high of $15.41. The stock has a market cap of $690.51 million, a PE ratio of -6.98 and a beta of 0.86.
Wall Street Analyst Weigh In
Several analysts recently weighed in on GDOT shares. Craig Hallum reissued a “buy” rating and issued a $18.00 price objective on shares of Green Dot in a report on Tuesday, March 17th. Wall Street Zen raised Green Dot from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Green Dot currently has an average rating of “Reduce” and a consensus price target of $13.56.
Institutional Trading of Green Dot
Several hedge funds have recently made changes to their positions in the stock. 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 purchasing an additional 1,221 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 last quarter. Russell Investments Group Ltd. increased its position in Green Dot by 4.1% in the second quarter. Russell Investments Group Ltd. now owns 61,367 shares of the financial services provider’s stock worth $662,000 after buying an additional 2,412 shares during the period. Rhumbline Advisers lifted its stake in Green Dot by 3.6% in the second quarter. Rhumbline Advisers now owns 84,504 shares of the financial services provider’s stock valued at $911,000 after buying an additional 2,938 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Green Dot by 0.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,226,244 shares of the financial services provider’s stock valued at $16,468,000 after buying an additional 3,121 shares during the last quarter. Institutional investors own 92.56% of the company’s stock.
Green Dot Company Profile
Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.
Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.
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