Analysts Offer Predictions for Green Dot Co.’s Q4 2024 Earnings (NYSE:GDOT)

Green Dot Co. (NYSE:GDOT) – Analysts at William Blair upped their Q4 2024 earnings per share (EPS) estimates for Green Dot in a research report issued on Friday, June 21st. William Blair analyst C. Kennedy now forecasts that the financial services provider will earn $0.32 per share for the quarter, up from their previous estimate of $0.25. The consensus estimate for Green Dot’s current full-year earnings is $1.02 per share.

Green Dot (NYSE:GDOT) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The business had revenue of $447.42 million for the quarter, compared to analysts’ expectations of $415.70 million.

A number of other equities analysts also recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Truist Financial raised their price objective on Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.75.

Green Dot Price Performance

Green Dot stock opened at $9.48 on Monday. The stock’s 50-day moving average is $9.44 and its 200-day moving average is $9.12. The company has a market cap of $504.43 million, a price-to-earnings ratio of -20.17 and a beta of 0.98. Green Dot has a 12 month low of $7.30 and a 12 month high of $21.37.

Institutional Investors Weigh In On Green Dot

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC grew its stake in shares of Green Dot by 89.2% in the first quarter. Headlands Technologies LLC now owns 2,743 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,293 shares in the last quarter. UMB Bank n.a. grew its stake in Green Dot by 98.3% during the 1st quarter. UMB Bank n.a. now owns 2,855 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,415 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Green Dot during the 4th quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC grew its stake in Green Dot by 39.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 2,074 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Green Dot by 65.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 2,434 shares in the last quarter. Institutional investors and hedge funds 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.