Steven W. Streit Sells 2,665 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of Green Dot stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $62.44, for a total value of $166,402.60. Following the completion of the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $11,028,215.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Green Dot Co. (NYSE:GDOT) traded down $0.51 during mid-day trading on Friday, reaching $61.27. The company had a trading volume of 410,550 shares, compared to its average volume of 414,759. Green Dot Co. has a 1-year low of $23.39 and a 1-year high of $65.88. The company has a market capitalization of $3,110.00, a PE ratio of 36.14 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.
Green Dot (NYSE:GDOT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue was up 30.5% on a year-over-year basis. sell-side analysts predict that Green Dot Co. will post 1.71 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in GDOT. Daiwa Securities Group Inc. bought a new stake in Green Dot in the second quarter valued at approximately $108,000. IFP Advisors Inc boosted its holdings in Green Dot by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares during the last quarter. Turner Investments LLC bought a new stake in Green Dot in the second quarter valued at approximately $154,000. Riverhead Capital Management LLC boosted its holdings in Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the last quarter. Institutional investors and hedge funds own 79.31% of the company’s stock.
A number of research firms have issued reports on GDOT. Cowen reiterated a “hold” rating and issued a $52.00 target price on shares of Green Dot in a research report on Friday, November 10th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Monday, November 13th. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, November 13th. Deutsche Bank boosted their price target on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price target on Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.36.
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Green Dot 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.
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