Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of General Purpose Reloadable cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and payroll debit cards. It also provides money processing services, including cash transfer services that help consumers to add funds directly to an account at the point-of-sale at any participating retailer; and simply paid disbursement services that enable wages and authorized funds disbursement to deposit account programs and accounts issued by any third-party bank or program manager. In addition, the company offers tax processing services that include tax refund transfers, which provide the processing technology to facilitate receipt of a taxpayers' refund proceeds; small business lending to independent tax preparation providers that seek small advances; and fast cash advance, a consumer-friendly loan that enables tax refund recipients. It markets its products under the Green Dot, GoBank, MoneyPak, TPG, and other brands. Green Dot Corporation markets and sells its products and services through retail stores; mobile applications; and various direct-to-consumer channels, such as online search engine optimization, online displays, direct mail campaigns, mobile advertising, and affiliate referral programs, as well as distributes through ÂBanking as a Service' platform. The company was formerly known as Next Estate Communications, Inc. and changed its name to Green Dot Corporation in October 2005. Green Dot Corporation was incorporated in 1999 and is based in Pasadena, California.
IPO Year: 2010
Exchange: NYSE
Website: greendot.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2023 | $8.00 → $7.00 | Equal Weight → Underweight | Barclays |
| 11/10/2023 | $14.00 | Buy → Hold | Craig Hallum |
| 6/29/2023 | $17.00 → $20.00 | Mkt Perform | Keefe Bruyette |
| 6/14/2023 | Neutral | BTIG Research | |
| 5/8/2023 | Buy → Hold | Needham | |
| 10/17/2022 | Outperform → Mkt Perform | William Blair | |
| 8/15/2022 | $31.00 → $25.00 | Overweight → Equal Weight | Barclays |
| 2/28/2022 | $55.00 → $35.00 | Overweight | Barclays |
| 2/25/2022 | $63.00 → $35.00 | Buy | Needham |
| 1/26/2022 | $72.00 → $46.00 | Buy | BTIG Research |
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Keefe, Bruyette & Woods analyst Timothy Switzer maintains Green Dot (NYSE:GDOT) with a Market Perform and maintains $11 price target.
- Bloomberg
Green Dot is reaffirming its guidance range for its full year adjusted EBITDA2 to be between $170 million and $180 million, or up approximately 2% year over year at the mid-point.
Green Dot (NYSE:GDOT) reported quarterly earnings of $0.59 per share which missed the analyst consensus estimate of $0.73 by 19.18 percent. This is a 40.4 percent decrease over earnings of $0.99 per share from the same period last year. The company reported quarterly sales of $447.423 million which beat the analyst consensus estimate of $420.694 million by 6.35 percent. This is a 8.50 percent increase over sales of $412.363 million the same period last year.
Keefe, Bruyette & Woods analyst Timothy Switzer maintains Green Dot (NYSE:GDOT) with a Market Perform and lowers the price target from $12.5 to $11.
Truist Securities analyst Andrew Quail maintains Green Dot (NYSE:GDOT) with a Buy and raises the price target from $10 to $11.
Keefe, Bruyette & Woods analyst Timothy Switzer maintains Green Dot (NYSE:GDOT) with a Market Perform and lowers the price target from $15 to $12.5.
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Barclays downgraded Green Dot from Equal Weight to Underweight and set a new price target of $7.00 from $8.00 previously
Craig Hallum downgraded Green Dot from Buy to Hold and set a new price target of $14.00
Keefe Bruyette resumed coverage of Green Dot with a rating of Mkt Perform and set a new price target of $20.00 from $17.00 previously
BTIG Research initiated coverage of Green Dot with a rating of Neutral
Needham downgraded Green Dot from Buy to Hold
William Blair downgraded Green Dot from Outperform to Mkt Perform
Barclays downgraded Green Dot from Overweight to Equal Weight and set a new price target of $25.00 from $31.00 previously
Barclays reiterated coverage of Green Dot with a rating of Overweight and set a new price target of $35.00 from $55.00 previously
Needham reiterated coverage of Green Dot with a rating of Buy and set a new price target of $35.00 from $63.00 previously
BTIG Research reiterated coverage of Green Dot with a rating of Buy and set a new price target of $46.00 from $72.00 previously
Company Introduces "Arc by Green Dot" Iterating Focus on Embedded Finance Market Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended September 30, 2024. "It was a solid quarter of execution, and we are excited about the launch of our embedded finance brand, Arc by Green Dot, signifying our commitment to this sizable market where we believe ample opportunity for long-term growth exists," said George Gresham, Chief Executive Officer of Green Dot. "While our GAAP net loss was larger than last year, we returned to adjusted EBITDA growth in the
As Embedded Finance Investments Rise, Arc Delivers End-to-End Banking and Money Movement Solutions from a Single-Source, Seamless, Scalable Platform New Study Sheds Light on Growth, Benefits & Risks of Embedded Finance Green Dot Corporation (NYSE:GDOT) today announced the launch of Arc by Green Dot, representing a comprehensive set of embedded finance, including banking as a service ("BaaS"), capabilities designed to fuel engagement and growth for businesses. Arc combines Green Dot's secure banking and money processing solutions on a modern, single-source platform – delivering flexible, end-to-end solutions that can boost retention, value and expansion for companies at every stage of grow
Stockpile, the First Company to Offer Fractional Trading and Gift Cards Redeemable for Stock, is Now Making It Easier for Families to Pay for College Stockpile1, the pioneering investment platform that made investing accessible to kids and families, today unveiled its newest financial offering: a banking service for families powered by Green Dot's2 single-source embedded finance platform. At the heart of this new service is a debit card for kids and the Stockpile Tuition Rewards® Program, which can help families reduce future college costs simply by being Stockpile members. The Stockpile Tuition Rewards® Program is offered through a partnership between Stockpile and SAGE Scholars Tuition R
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss third quarter 2024 financial results on Thursday, November 7th, 2024 at 5:00 p.m. ET. A press release with the company's third quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence.
Green Dot Corporation (the "Company") (NYSE:GDOT), announced today the completion of a private placement of $45 million in aggregate principal amount of its 8.75% Fixed Rate Senior Notes due 2029 (the "Notes") to certain qualified institutional buyers and institutional accredited investors in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act"). The Notes are unsecured and have a five-year term, maturing September 15, 2029, and will bear interest at a fixed annual rate of 8.75%, payable semi-annually in arrears. The Company intends to use the net proceeds of the offering for the repayment of the Company's outstan
Company Sees Growing Momentum in BaaS with Robust Business Pipeline and Key BaaS Partner Renewal, Increases Investments in Regulatory Infrastructure to Position Company for Growth Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended June 30, 2024. "It was a solid quarter with progress on many fronts as we renewed our largest BaaS partner and made strategic investments to enhance our risk management and regulatory compliance, and position the company for sustainable long-term growth," said George Gresham, Chief Executive Officer of Green D
Powered by Green Dot's single-source embedded finance platform, the Xpectations!® Plus Debit Mastercard® expands access to the banking system for PLS' five million-plus customers The PLS family of financial service centers, one of the nation's largest providers of community based financial services, today announced the launch of the Xpectations!® Plus Debit Card, a new suite of online banking services powered by Green Dot's (NYSE:GDOT) single-source embedded finance platform. The Xpectations!® Plus Debit Card now offers PLS' five million-plus customers access to seamless, affordable and useful financial tools and services, including early access to direct deposits, overdraft protection, f
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss second quarter 2024 financial results on Thursday, August 8th, 2024 at 5:00 p.m. ET. A press release with the company's second quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence
New companies join rapid!'s growing list of employer customers enabling their workforces with more seamless and convenient payroll solutions rapid!, a leading payment solutions provider and the wage and disbursements arm of Green Dot Corporation (NYSE:GDOT), is growing its list of more than 7,000 employer customers. Today rapid! announced the addition of new companies in the staffing, human capital management (HCM) and professional services industries – serving an estimated combined four million employees with more seamless and convenient payroll solutions – through expanded channel partnerships with Elevanta, TempWorks and isolved. "Today's employers are turning to financial technology
Company Sees Improved Momentum in BaaS with Robust Business Development Pipeline Launches new Retail Partner PLS and Reports Strong Start to Tax Season Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended March 31, 2024. "We are building a vertically integrated set of capabilities that will serve as a market leading embedded finance platform with differentiated products and services and resilient compliance capabilities," said George Gresham, Chief Executive Officer of Green Dot. "We have made significant progress towards this end, our pi
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Stockpile, the First Company to Offer Fractional Trading and Gift Cards Redeemable for Stock, is Now Making It Easier for Families to Pay for College Stockpile1, the pioneering investment platform that made investing accessible to kids and families, today unveiled its newest financial offering: a banking service for families powered by Green Dot's2 single-source embedded finance platform. At the heart of this new service is a debit card for kids and the Stockpile Tuition Rewards® Program, which can help families reduce future college costs simply by being Stockpile members. The Stockpile Tuition Rewards® Program is offered through a partnership between Stockpile and SAGE Scholars Tuition R
Seasoned Finance and Healthcare Executive Adds Strategic and Executional Bench Strength to Digital Bank and Fintech's Advisory Team Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that powers consumers and businesses with seamless and affordable banking and payment tools, today announced the appointment of Robert Millard to its Board of Directors, effective March 25, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240326982297/en/Robert Millard (Photo: Business Wire) "Rob is a proven leader and strategist highly capable of managing key relationships and risk for complex organizations, and driving fin
Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Melissa Douros as Chief Product Officer. Douros will lead Green Dot's product design and development team with a focus on building simple, seamless and useful tools for Green Dot's customers and growing list of world-class banking-as-a-service (BaaS) and embedded finance partners. "Melissa is a visionary product leader with deep experience in digital transformation strategy that will be instrumental in driving Green Dot forward as we continue building our platform to best serve the financial needs of busines
Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Michael Meston as Chief Human Resources Officer. Meston will play a key role in the company's evolution as a performance-driven platform company that now operates primarily in a remote "work from anywhere" model. He will report directly to Chief Executive Officer George Gresham. "Michael is a proven human resources leader with the right experience in organizational change and talent development to help lead Green Dot as we build a workforce committed to seamlessly connecting more people and businesses to the
Digital Bank and Fintech Announces Executive Updates Aimed at Driving Performance and Efficiency Green Dot Corporation (NYSE:GDOT) today announced the appointment of Dave Harden as Chief Technology Officer supporting the company's ongoing effort to become a more streamlined, efficient and powerful technology company focused on building and delivering seamless and scalable banking and payment tools for consumers and businesses. As Chief Technology Officer, Harden will be responsible for overseeing the ongoing development and delivery of Green Dot's technology platforms supporting the company's direct customers and growing list of banking as a service (BaaS) partners. Harden has been a me
Former Google Cloud Executive and Mastercard Leader Brings Extensive Experience in Technology and Financial Operations to the Fintech and Digital Bank's Advisory Team Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech committed to powering consumers and businesses with seamless and affordable banking and payment tools, today announced the appointment of Michelleta ("Mich") Razon to its Board of Directors, effective immediately. "Ms. Razon is a proven and highly respected technology executive and strategist, and we look forward to benefitting from her insights and guidance as Green Dot evolves as a growth-focused financial technology platform company," said William I.
Green Dot Corporation (NYSE:GDOT), a digital bank and fintech powering consumers and businesses with seamless banking and payment tools, announced today that George Gresham, who has served as Green Dot's Chief Financial and Operating Officer and as a member of the Board of Directors since October 2021, has been appointed as Chief Executive Officer and President, effective as of October 14, 2022. Mr. Gresham succeeds Dan R. Henry, who was terminated as Chief Executive Officer and President of Green Dot and resigned as a member of Green Dot's Board of Directors, effective the same date. Mr. Gresham will continue to serve as a member of the Board. Mr. Gresham has extensive leadership experien
Green Dot Corporation (NYSE:GDOT), a digital bank and fintech powering consumers and businesses with seamless banking and payment tools, announced the appointment of Amy Pugh as General Counsel, effective today. Amy joins Green Dot from Cross River Bank, where she served as Associate General Counsel supporting the fintech banking and digital assets teams. "We are thrilled to welcome Amy and her deep experience and insights to the team," said Dan Henry, CEO of Green Dot. "Amy is a proven and trusted leader with an exceptional track record in our industry, and she'll play a critical role in facilitating and fueling our strategic initiatives while helping us mitigate risk and ensure complianc
Green Dot Corporation today announced the appointment of Peter Feld to its Board of Directors, effective March 11, 2022. Mr. Feld is a Managing Member, Portfolio Manager and the Head of Research of Starboard Value LP and has extensive experience serving on boards of companies spanning technology, information security, healthcare, and other consumer and B2B growth sectors. "I am pleased to welcome Peter to the Green Dot board, as he brings valuable perspectives as an investor and a wealth of experience from serving as a board member to a wide spectrum of public companies," said William I. Jacobs, chairman of the board of Green Dot Corporation. "His ability to help companies ascertain and un
Green Dot Corporation (NYSE:GDOT) today announced Tim Willi has joined the company as SVP of Investor Relations and Corporate Development responsible for communicating financial information, updates and guidance to Wall Street analysts and investors, as well as other strategic initiatives. Willi joins Green Dot from Wells Fargo Securities, where he most recently served as Managing Director of Equity Research covering fin-tech, transaction processing and IT services, with a focus on mid- and large-cap companies. "Tim is an exceptional communicator and leader, and we are thrilled to welcome him to the team," said Dan Henry, CEO of Green Dot. "His deep industry knowledge and proven results sh
Company Introduces "Arc by Green Dot" Iterating Focus on Embedded Finance Market Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended September 30, 2024. "It was a solid quarter of execution, and we are excited about the launch of our embedded finance brand, Arc by Green Dot, signifying our commitment to this sizable market where we believe ample opportunity for long-term growth exists," said George Gresham, Chief Executive Officer of Green Dot. "While our GAAP net loss was larger than last year, we returned to adjusted EBITDA growth in the
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss third quarter 2024 financial results on Thursday, November 7th, 2024 at 5:00 p.m. ET. A press release with the company's third quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence.
Company Sees Growing Momentum in BaaS with Robust Business Pipeline and Key BaaS Partner Renewal, Increases Investments in Regulatory Infrastructure to Position Company for Growth Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended June 30, 2024. "It was a solid quarter with progress on many fronts as we renewed our largest BaaS partner and made strategic investments to enhance our risk management and regulatory compliance, and position the company for sustainable long-term growth," said George Gresham, Chief Executive Officer of Green D
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss second quarter 2024 financial results on Thursday, August 8th, 2024 at 5:00 p.m. ET. A press release with the company's second quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence
Company Sees Improved Momentum in BaaS with Robust Business Development Pipeline Launches new Retail Partner PLS and Reports Strong Start to Tax Season Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended March 31, 2024. "We are building a vertically integrated set of capabilities that will serve as a market leading embedded finance platform with differentiated products and services and resilient compliance capabilities," said George Gresham, Chief Executive Officer of Green Dot. "We have made significant progress towards this end, our pi
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss first quarter 2024 financial results on Thursday, May 9th, 2024 at 5:00 p.m. ET. A press release with the company's first quarter 2024 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence. Gre
Company Turns Focus to Growth with Momentum Expected to Improve in 2024 Establishes 2024 Financial Guidance Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter and year ended December 31, 2023. "2023 was a pivotal year as we completed our processor conversion, streamlined costs and announced new partners in our BaaS and retail channels," said George Gresham, Chief Executive Officer of Green Dot. "Looking forward with a more powerful and efficient foundation and a strong business pipeline, I believe we are poised to improve our revenue and adju
Green Dot Corporation (NYSE:GDOT) will host a conference call and earnings webcast to discuss fourth quarter 2023 financial results on Tuesday, February 27th, 2024 at 5:00 p.m. ET. A press release with the company's fourth quarter 2023 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot's investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call. About Green Dot Green Dot Corporation (NYSE:GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confiden
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
With Processor Conversions Complete, Company Turns Focus to Growth and Development Initiatives Green Dot Corporation (NYSE:GDOT), a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, today reported financial results for the quarter ended September 30, 2023. "Despite continued headwinds, we are encouraged by the progress we made completing our processor conversions and the opportunity to refocus our resources and efforts on growth-oriented initiatives," said George Gresham, Chief Executive Officer of Green Dot. "We anticipate the momentum we are seeing in GO2bank and our B2B segments will continue gaining traction as the demand