John C. Ricci Sells 20,707 Shares of Green Dot Corporation (GDOT) Stock
Green Dot Corporation (NYSE:GDOT) General Counsel John C. Ricci sold 20,707 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the completion of the transaction, the general counsel now directly owns 91,163 shares in the company, valued at $4,303,805.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Green Dot Corporation (NYSE GDOT) opened at 46.27 on Friday. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $47.55. The firm has a 50-day moving average price of $41.20 and a 200 day moving average price of $35.38. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 39.35 and a beta of 1.06.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business’s revenue was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities research analysts predict that Green Dot Corporation will post $2.05 EPS for the current year.
GDOT has been the topic of several research reports. Zacks Investment Research lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Citigroup Inc. reaffirmed a “buy” rating and issued a $46.00 target price (up from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. BidaskClub lowered Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG increased their target price on Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Green Dot Corporation in a research report on Monday, May 22nd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new position in Green Dot Corporation during the second quarter worth $108,000. IFP Advisors Inc raised its position in Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Green Dot Corporation during the first quarter worth $118,000. Turner Investments LLC purchased a new position in Green Dot Corporation during the second quarter worth $154,000. Finally, Riverhead Capital Management LLC raised its position in Green Dot Corporation by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,429 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.