Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $48.56, for a total transaction of $388,237.20. Following the completion of the sale, the insider now owns 217,010 shares in the company, valued at $10,538,005.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Green Dot Corporation (NYSE:GDOT) opened at 48.42 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 41.17 and a beta of 1.01. The company’s 50-day moving average is $45.96 and its 200-day moving average is $38.55. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $49.00.

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 consensus estimate of $0.31 by $0.16. The business had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. On average, equities research analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Steven W. Streit Sells 7,995 Shares of Green Dot Corporation (GDOT) Stock” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/23/steven-w-streit-sells-7995-shares-of-green-dot-corporation-gdot-stock.html.

Several analysts have recently commented on GDOT shares. Lake Street Capital upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, July 12th. Citigroup Inc. reiterated a “buy” rating and issued a $46.00 price target (up from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Finally, ValuEngine upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Green Dot Corporation currently has a consensus rating of “Buy” and a consensus target price of $42.22.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Green Dot Corporation by 0.7% in the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after acquiring an additional 38,814 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Green Dot Corporation by 11.2% in the first quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after acquiring an additional 412,984 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Green Dot Corporation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,753,768 shares of the financial services provider’s stock worth $91,865,000 after acquiring an additional 19,113 shares in the last quarter. State Street Corp increased its position in shares of Green Dot Corporation by 5.7% in the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Green Dot Corporation by 57.4% in the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares in the last quarter. 77.43% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Corporation Company Profile

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)

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.