Green Dot (NYSE:GDOT – Get Rating) updated its earnings guidance for fiscal 2022 on Thursday. The company provided earnings per share (EPS) guidance of $2.32 to $2.46 for the period, compared to the consensus estimate of $2.29. The company released a revenue forecast of $1.39 billion to $1.43 billion, versus a consensus revenue estimate of $1.42 billion.
Several analysts have recently commented on the stock. StockNews.com took over Green Dot’s stock coverage in a Thursday, March 31 research note. They issued a holding note for the company. BTIG Research cut its price target on Green Dot shares from $72.00 to $46.00 and set a buy rating for the company in a Wednesday, January 26 research note. William Blair reiterated an outperformance rating on Green Dot shares in a Friday, February 25 research note. Needham & Company LLC lowered its price target on Green Dot shares from $63.00 to $35.00 and set a buy rating for the company in a Friday, February 25 report. Finally, Zacks Investment Research moved shares of Green Dot from a sell rating to a hold rating and set a target price of $29.00 for the company in a Monday, May 2 report. Five research analysts gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average Hold rating and a consensus target price of $41.63.
NYSE GDOT shares opened at $28.80 on Thursday. The company has a market capitalization of $1.56 billion, a PE ratio of 26.42 and a beta of 0.91. Green Dot has a 12-month low of $23.09 and a 12-month high of $54.90. The company has a 50-day simple moving average of $27.49 and a 200-day simple moving average of $31.69.
Green Dot (NYSE:GDOT – Get Rating) last released its results on Thursday, May 5. The financial services provider reported earnings per share (EPS) of $0.85 for the quarter, beating consensus analyst estimates of $0.64 by $0.21. Green Dot had a net margin of 4.19% and a return on equity of 9.15%. The company posted revenue of $400.60 million in the quarter, versus a consensus estimate of $390.87 million. During the same period of the previous year, the company made earnings per share of $0.60. Green Dot’s revenues increased by 1.8% compared to the same quarter last year. As a group, analysts expect Green Dot to post EPS of 1.58 for the current fiscal year.
Separately, director Glinda Bridgforth-Hodges sold 3,910 shares of the company in a trade on Wednesday, March 2. The shares were sold at an average price of $27.25, for a total value of $106,547.50. The sale was disclosed in a filing with the SEC, accessible via this link. Insiders have sold 5,410 shares of the company valued at $146,443 in the past three months. Insiders of the company own 2.90% of the shares of the company.
A number of institutional investors have recently changed their positions in the stock. Connors Investor Services Inc. increased its position in Green Dot by 4.4% in Q1. Connors Investor Services Inc. now owns 92,385 shares of the financial services provider valued at $2,539,000 after buying 3,859 additional shares in the last quarter. Quantbot Technologies LP increased its position in Green Dot by 42.4% in the 1st quarter. Quantbot Technologies LP now owns 17,399 shares of the financial services provider valued at $478,000 after buying an additional 5,182 shares in the last quarter. The Royal Bank of Canada increased its position in Point Vert by 50.8% in the 1st quarter. Royal Bank of Canada now owns 49,710 shares of the financial services provider valued at $1,366,000 after buying an additional 16,749 shares in the last quarter. PDT Partners LLC strengthened its position in Green Dot by 9.3% in the 1st quarter. PDT Partners LLC now owns 88,687 shares of the financial services provider valued at $2,437,000 after purchasing an additional 7,559 shares in the last quarter. Finally, State Street Corp strengthened its position in Green Dot by 2.6% in the 1st quarter. State Street Corp now owns 2,089,861 shares of the financial services provider valued at $57,429,000 after buying an additional 52,899 shares in the last quarter. 92.02% of the shares are held by hedge funds and other institutional investors.
About the green dot (Get a rating)
Green Dot Corporation operates as a financial technology company and bank holding company in the United States. It operates through the Consumer Services, Business-to-Business Services and Funds Movement Services segments. The Company offers deposit account programs, such as network-branded reloadable prepaid debit cards, network-branded gift cards and secured credit cards.
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