In yesterday’s Wall Street session, Green Dot Corp (NYSE:GDOT) shares traded at $10.27, up 0.79% from the previous session.
GDOT stock price is now -9.43% away from the 50-day moving average and 2.98% away from the 200-day moving average. The market capitalization of the company currently stands at $552.39M.
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With the price target reduced from $8 to $7, Barclays Downgraded its rating from Equal Weight to Underweight for Green Dot Corp (NYSE: GDOT). On November 10, 2023, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $14, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Topline Capital Management, LL, bought 135,123 shares of the company’s stock on Nov 08 ’24. The stock was bought for $1,478,246 at an average price of $10.94. Upon completion of the transaction, the now directly owns 6,292,788 shares in the company, valued at $64.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 09 ’24, Topline Capital Management, LL bought 43,179 shares of the business’s stock. A total of $462,879 was incurred on buying the stock at an average price of $10.72. This leaves the insider owning 6,335,967 shares of the company worth $65.07 million. A total of 4.07% of the company’s stock is owned by insiders.
During the past 12 months, Green Dot Corp has had a low of $7.70 and a high of $13.58. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 0.52, and a quick ratio of 0.52. The fifty day moving average price for GDOT is $11.3842 and a two-hundred day moving average price translates $9.96405 for the stock.
The latest earnings results from Green Dot Corp (NYSE: GDOT) was released for 2024-09-30. The net profit margin was -3.39% and return on equity was -6.42% for GDOT. The company reported revenue of $409.74 million for the quarter, compared to $353.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.06 percent.
