Green Dot slides after downbeat annual profit forecast

Green Dot

28/02/2025 16:47

** Shares of digital bank and fintech Green Dot GDOT.N slide as much as 14.7%

** GDOT on Thursday forecast annual adjusted EPS below Wall Street expectations

** Co says consumer segment remains under pressure due to headwinds in retail channel amid declines in active accounts and revenue

** William Blair says GDOT is pivoting its focus to growth, but turning around the retail division will remain a challenge

** Says GDOT's assets are likely undervalued, but there is still work to be done and maintains its "market perform" rating

** Avg. rating of five analysts is "hold"; median PT is $10 - LSEG data

** GDOT stock down 31.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))