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Zacks Research Brokers Decrease Earnings Estimates for Green Dot Co. (NYSE:GDOT)


Green Dot Co. (NYSE:GDOTFree Report) – Analysts at Zacks Research decreased their Q1 2024 earnings per share (EPS) estimates for shares of Green Dot in a research report issued on Tuesday, March 19th. Zacks Research analyst S. Goswami now forecasts that the financial services provider will earn $0.65 per share for the quarter, down from their prior estimate of $0.66. The consensus estimate for Green Dot’s current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Green Dot’s Q2 2024 earnings at $0.18 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $1.06 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.19 EPS and FY2025 earnings at $1.17 EPS.

A number of other research analysts have also recently weighed in on GDOT. Keefe, Bruyette & Woods reduced their target price on Green Dot from $15.00 to $12.50 and set a “market perform” rating on the stock in a report on Wednesday, February 28th. Barclays lowered Green Dot from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a research report on Thursday, December 14th. TheStreet lowered Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Finally, Truist Financial raised their price objective on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.13.

Read Our Latest Report on Green Dot

Green Dot Stock Down 2.2 %

GDOT stock opened at $8.98 on Friday. Green Dot has a 52-week low of $7.30 and a 52-week high of $21.37. The stock’s fifty day simple moving average is $8.73 and its 200-day simple moving average is $10.19. The stock has a market capitalization of $474.41 million, a price-to-earnings ratio of 69.08 and a beta of 1.03.

Green Dot (NYSE:GDOTGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. The business had revenue of $361.72 million for the quarter, compared to analysts’ expectations of $350.14 million.

Insider Buying and Selling at Green Dot

In other news, CRO Christian Devin Ruppel acquired 33,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at approximately $921,537.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Principal Co Lp Starboard sold 150,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total value of $1,225,500.00. Following the completion of the transaction, the insider now directly owns 276,595 shares of the company’s stock, valued at approximately $2,259,781.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Christian Devin Ruppel purchased 33,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were purchased at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the purchase, the executive now owns 101,715 shares in the company, valued at approximately $921,537.90. The disclosure for this purchase can be found here. 11.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Green Dot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Green Dot by 60.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 237,123 shares of the financial services provider’s stock valued at $2,348,000 after acquiring an additional 88,907 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Green Dot by 17.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,984 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 6,362 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Green Dot in the fourth quarter valued at $330,000. GSA Capital Partners LLP purchased a new stake in shares of Green Dot in the fourth quarter valued at $1,006,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Green Dot by 64.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 73,098 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 28,763 shares during the last quarter. 92.12% of the stock is owned by institutional investors.

Green Dot Company Profile

(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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Earnings History and Estimates for Green Dot (NYSE:GDOT)



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