Green Dot (NYSE:GDOT – Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02), FiscalAI reports. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. The business had revenue of $596.41 million during the quarter, compared to analyst estimates of $555.87 million.
Green Dot Stock Up 2.8%
Shares of NYSE GDOT traded up $0.34 during trading hours on Monday, hitting $12.58. The stock had a trading volume of 317,321 shares, compared to its average volume of 487,490. Green Dot has a 52 week low of $10.10 and a 52 week high of $13.75. The firm’s 50-day moving average price is $12.68 and its two-hundred day moving average price is $12.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $717.10 million, a P/E ratio of -24.67 and a beta of 0.93.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Zacks Research upgraded shares of Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Green Dot in a report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.12.
View Our Latest Stock Report on GDOT
About Green Dot
Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.
Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.
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