Green Dot (NYSE:GDOT) Updates FY 2024 Earnings Guidance

Green Dot (NYSE:GDOT) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.450-1.590 for the period, compared to the consensus EPS estimate of 1.560. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Green Dot also updated its FY24 guidance to $1.45-$1.59 EPS.

Wall Street Analysts Forecast Growth

GDOT has been the topic of several research analyst reports. Truist Financial boosted their target price on Green Dot from $10.00 to $11.00 and gave the stock a buy rating in a research note on Thursday, February 29th. TheStreet cut shares of Green Dot from a c- rating to a d rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods cut their price target on shares of Green Dot from $12.50 to $11.00 and set a market perform rating on the stock in a research note on Friday, April 5th. Finally, StockNews.com downgraded shares of Green Dot from a hold rating to a sell rating in a research note on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Green Dot currently has a consensus rating of Hold and an average price target of $10.75.

Green Dot Trading Up 7.5 %

GDOT opened at $9.93 on Friday. Green Dot has a 12-month low of $7.30 and a 12-month high of $21.37. The firm has a 50 day moving average of $8.79 and a two-hundred day moving average of $9.12. The firm has a market capitalization of $524.60 million, a PE ratio of 76.39 and a beta of 1.03.

Green Dot (NYSE:GDOT) last issued its earnings results 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. The firm had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. As a group, analysts predict that Green Dot will post 0.9 EPS for the current fiscal year.

Insider Activity at Green Dot

In other news, insider Principal Co Lp Starboard sold 150,000 shares of the business’s 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 sale, the insider now directly owns 276,595 shares in the company, valued at $2,259,781.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Principal Co Lp Starboard sold 150,000 shares of Green Dot stock in a transaction dated 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 sale, the insider now directly owns 276,595 shares in the company, valued at approximately $2,259,781.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Christian Devin Ruppel bought 33,000 shares of Green Dot 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 acquisition, the executive now directly owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

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.