Green Dot (NYSE:GDOT) Issues Earnings Results, Misses Estimates By $0.08 EPS

Green Dot (NYSE:GDOT - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.08), Zacks reports. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The firm had revenue of $455.02 million during the quarter, compared to the consensus estimate of $421.86 million. Green Dot updated its FY 2025 guidance to 1.050-1.200 EPS.

Green Dot Stock Down 12.2 %

NYSE GDOT traded down $0.93 during midday trading on Monday, hitting $6.72. 1,339,730 shares of the company traded hands, compared to its average volume of 505,303. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $361.45 million, a PE ratio of -6.40 and a beta of 0.90. The company's 50-day simple moving average is $9.28 and its 200-day simple moving average is $10.51. Green Dot has a 52 week low of $6.65 and a 52 week high of $13.58.

Insider Buying and Selling at Green Dot

In other news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the firm's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the sale, the insider now owns 5,376,787 shares of the company's stock, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Topline Capital Management, Ll sold 247,230 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $10.54, for a total value of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares of the company's stock, valued at $64,175,287.98. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,180 shares of company stock valued at $10,071,696. 1.10% of the stock is currently owned by corporate insiders.

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Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday. Barclays dropped their price objective on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday.

Green Dot Company Profile

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.