Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $53.91, for a total transaction of $143,670.15. Following the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $9,521,638.11. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Green Dot Corporation (NYSE:GDOT) traded down 0.30% during mid-day trading on Thursday, hitting $53.92. 227,576 shares of the stock traded hands. The firm’s 50-day moving average is $50.02 and its 200-day moving average is $41.44. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $55.57. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 45.85 and a beta of 1.00.

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

TRADEMARK VIOLATION NOTICE: “Steven W. Streit Sells 2,665 Shares of Green Dot Corporation (GDOT) Stock” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/10/19/steven-w-streit-sells-2665-shares-of-green-dot-corporation-gdot-stock.html.

GDOT has been the subject of a number of recent analyst reports. Citigroup Inc. reissued a “buy” rating and set a $46.00 target price (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Green Dot Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Northland Securities reissued an “outperform” rating and set a $55.00 target price (up previously from $47.00) on shares of Green Dot Corporation in a research report on Tuesday, September 26th. Finally, ValuEngine downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.91.

Several institutional investors and hedge funds have recently bought and sold shares of GDOT. Suntrust Banks Inc. grew its stake in Green Dot Corporation by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 175 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC grew its stake in Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 470 shares during the period. Ameritas Investment Partners Inc. grew its stake in Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares during the period. Finally, Arizona State Retirement System grew its stake in Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 500 shares during the period. 77.43% of the stock is currently owned by hedge funds and other institutional investors.

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.