Green Dot (NYSE:GDOT) Lowered to Hold Rating by Northland Capmk

Green Dot (NYSE:GDOT) was downgraded by stock analysts at Northland Capmk from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on the stock. William Blair restated a “market perform” rating on shares of Green Dot in a research report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a research report on Wednesday, October 8th. Wall Street Zen lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Northland Securities set a $14.25 target price on Green Dot and gave the stock a “market perform” rating in a report on Tuesday. Finally, Zacks Research downgraded Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Green Dot has an average rating of “Reduce” and an average price target of $12.56.

Green Dot Stock Down 0.0%

Green Dot stock opened at $11.81 on Tuesday. Green Dot has a one year low of $6.12 and a one year high of $15.41. The stock has a fifty day moving average of $12.57 and a 200 day moving average of $11.64. 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 cap of $654.26 million, a PE ratio of -13.89 and a beta of 0.80.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $491.85 million during the quarter, compared to the consensus estimate of $483.84 million. During the same period in the previous year, the company posted $0.13 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Green Dot has set its FY 2025 guidance at 1.310-1.440 EPS. As a group, sell-side analysts predict that Green Dot will post 0.87 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GDOT. State of Alaska Department of Revenue bought a new position in Green Dot in the 3rd quarter worth $29,000. Virtus Advisers LLC purchased a new position in shares of Green Dot in the second quarter valued at about $33,000. Brooklyn Investment Group boosted its stake in shares of Green Dot by 350,400.0% in 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 during the period. Ameritas Investment Partners Inc. grew its position in shares of Green Dot by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,478 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 861 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Green Dot by 23.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,221 shares during the period. Hedge funds and other 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.