Green Dot (NYSE:GDOT – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.12.
Get Our Latest Stock Report on GDOT
Green Dot Stock Down 0.7%
Green Dot (NYSE:GDOT – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. The business had revenue of $591.29 million during the quarter, compared to the consensus estimate of $541.16 million. Research analysts expect that Green Dot will post 1.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Green Dot
A number of hedge funds have recently made changes to their positions in GDOT. OLD National Bancorp IN grew its holdings in shares of Green Dot by 17.6% in the first quarter. OLD National Bancorp IN now owns 11,766 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,763 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Green Dot in the second quarter worth $26,000. Strs Ohio increased its position in Green Dot by 10.0% in the first quarter. Strs Ohio now owns 55,100 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 5,000 shares during the last quarter. Villanova Investment Management Co LLC raised its stake in Green Dot by 4.5% during the fourth quarter. Villanova Investment Management Co LLC now owns 209,211 shares of the financial services provider’s stock valued at $2,680,000 after purchasing an additional 9,099 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Green Dot during the first quarter valued at $173,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
About Green Dot
Green Dot Corporation is a financial technology and bank holding company that provides digital banking, prepaid debit card, payment processing and money-movement services in the United States. Through its subsidiary, Green Dot Bank, the company offers FDIC-insured banking products and supports consumers who may be underserved by traditional financial institutions.
The company’s products include checking accounts, debit cards, direct-deposit services, cash deposits, bill payment, mobile banking tools and tax-related financial services.
Featured Stories
- Five stocks we like better than Green Dot
- Swarm Economics: Can XTEND AI Robotics Deliver at Scale?
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.
