Green Dot (NYSE:GDOT) Announces Earnings Results

Green Dot (NYSE:GDOT) issued its quarterly earnings data on Monday. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11), FiscalAI reports. The business had revenue of $591.29 million during the quarter, compared to analyst estimates of $541.16 million. Green Dot had a negative net margin of 3.25% and a positive return on equity of 7.56%.

Green Dot Stock Up 1.4%

Shares of GDOT traded up $0.19 during midday trading on Tuesday, reaching $13.45. The stock had a trading volume of 79,038 shares, compared to its average volume of 536,997. The company has a market cap of $762.12 million, a price-to-earnings ratio of -10.20 and a beta of 0.84. The company’s fifty day simple moving average is $13.17 and its two-hundred day simple moving average is $12.38. Green Dot has a 1-year low of $10.10 and a 1-year high of $15.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GDOT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th. Zacks Research cut shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.12.

Institutional Trading of Green Dot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of Green Dot during the 4th quarter worth about $66,000. Tower Research Capital LLC TRC increased its position in shares of Green Dot by 23.1% during the second 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 in the last quarter. Caxton Associates LLP acquired a new stake in shares of Green Dot in the 1st quarter valued at about $96,000. DRW Securities LLC purchased a new position in Green Dot during the 4th quarter worth approximately $154,000. Finally, Zacks Investment Management acquired a new position in Green Dot during the third quarter worth approximately $188,000. 92.56% of the stock is currently owned by institutional investors and hedge funds.

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.