Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.74, for a total transaction of $373,686.30. Following the completion of the sale, the insider now directly owns 217,010 shares in the company, valued at $10,143,047.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Green Dot Corporation (NYSE GDOT) traded down 0.28% during trading on Thursday, hitting $46.82. 641,201 shares of the stock were exchanged. Green Dot Corporation has a one year low of $21.45 and a one year high of $47.55. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 39.81 and a beta of 1.06. The stock’s 50 day moving average price is $40.75 and its 200-day moving average price is $35.15.

Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.59 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, analysts predict that Green Dot Corporation will post $2.05 EPS for the current year.

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A number of large investors have recently made changes to their positions in GDOT. First Trust Advisors LP increased its stake in shares of Green Dot Corporation by 44.3% in the first quarter. First Trust Advisors LP now owns 79,285 shares of the financial services provider’s stock valued at $2,645,000 after buying an additional 24,343 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Green Dot Corporation by 9.2% in the first quarter. Great West Life Assurance Co. Can now owns 62,176 shares of the financial services provider’s stock worth $2,074,000 after buying an additional 5,230 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Green Dot Corporation by 3.4% in the first quarter. Wells Fargo & Company MN now owns 186,683 shares of the financial services provider’s stock worth $6,228,000 after buying an additional 6,176 shares in the last quarter. KAMES CAPITAL plc increased its stake in shares of Green Dot Corporation by 18.8% in the first quarter. KAMES CAPITAL plc now owns 84,247 shares of the financial services provider’s stock worth $2,810,000 after buying an additional 13,335 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Green Dot Corporation by 18.8% in the first quarter. Russell Investments Group Ltd. now owns 380,083 shares of the financial services provider’s stock worth $12,680,000 after buying an additional 60,018 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

GDOT has been the topic of a number of recent analyst reports. Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. Jefferies Group LLC reissued a “buy” rating and issued a $42.00 price objective on shares of Green Dot Corporation in a research report on Monday, May 22nd. Citigroup Inc. increased their price objective on shares of Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Wednesday, July 12th. Finally, BidaskClub lowered shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Green Dot Corporation presently has a consensus rating of “Buy” and an average target price of $41.33.

About Green Dot Corporation

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Insider Buying and Selling by Quarter for Green Dot Corporation (NYSE:GDOT)

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