Green Dot (NYSE:GDOT) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Green Dot (NYSE:GDOT) announced its quarterly earnings results on Monday. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11), FiscalAI reports. The business had revenue of $591.29 million for the quarter, compared to analysts’ expectations of $541.16 million. Green Dot had a positive return on equity of 6.96% and a negative net margin of 1.14%.

Green Dot Stock Up 0.2%

Green Dot stock traded up $0.03 during midday trading on Wednesday, hitting $13.44. 18,180 shares of the company were exchanged, compared to its average volume of 539,773. The company has a market cap of $761.84 million, a PE ratio of -26.35 and a beta of 0.84. Green Dot has a fifty-two week low of $10.10 and a fifty-two week high of $15.41. The company’s fifty day moving average price is $13.18 and its 200-day moving average price is $12.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.50 and a quick ratio of 0.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new position in shares of Green Dot in the fourth quarter valued at $286,000. Mercer Global Advisors Inc. ADV grew its stake in shares of Green Dot by 9.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 37,434 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 3,123 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Green Dot by 10.6% during the fourth quarter. XTX Topco Ltd now owns 81,558 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 7,817 shares in the last quarter. VARCOV Co. purchased a new stake in shares of Green Dot during the fourth quarter worth about $258,000. Finally, Tudor Investment Corp ET AL increased its position in shares of Green Dot by 89.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 146,538 shares of the financial services provider’s stock worth $1,877,000 after acquiring an additional 69,117 shares during the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GDOT has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Green Dot in a report on Friday, July 17th. Zacks Research lowered shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.12.

Green Dot Company Profile

Green Dot Corporation (NYSE: GDOT) is a financial technology and bank holding company that provides prepaid debit cards, cash reload processing services and consumer banking products through its subsidiary, Green Dot Bank. The firm offers reloadable prepaid cards under its own brand and through partnerships with retailers, payments networks and banks. In addition to consumer-focused prepaid card accounts, Green Dot delivers payroll card services, government disbursement programs and B2B payment solutions that enable businesses to distribute funds digitally to end users.

Founded in 1999 by Steve Streit and headquartered in Austin, Texas, Green Dot began as a prepaid MasterCard provider sold through retail outlets.