Green Dot initiated with a Neutral at BTIG

BTIG analyst Lance Jessurun initiated coverage of Green Dot with a Neutral rating. The company is in the midst of an overhaul, and results are mixed as the company grapples with a new CEO, as well as losing notable BaaS partners, the analyst tells investors in a research note. The stock has sold off vs. the broader market and is well below levels seen in 2021, but it still trades in line with the broader peer group, the firm added, noting that it believes that its current valuation accurately reflects the risk/reward,