Steven W. Streit Sells 7,995 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $62.20, for a total value of $497,289.00. Following the completion of the sale, the insider now owns 176,621 shares in the company, valued at $10,985,826.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Green Dot Co. (GDOT) traded down $0.51 during midday trading on Friday, reaching $61.27. The company’s stock had a trading volume of 410,550 shares, compared to its average volume of 414,759. The company has a market cap of $3,110.00, a price-to-earnings 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 Co. has a fifty-two week low of $23.39 and a fifty-two week high of $65.88.
Green Dot (NYSE:GDOT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. sell-side analysts expect that Green Dot Co. will post 1.71 EPS for the current fiscal year.
Several brokerages have issued reports on GDOT. BidaskClub lowered Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup boosted their target price on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Lake Street Capital upgraded Green Dot from a “hold” rating to a “buy” rating and boosted their target price for the company from $41.00 to $44.00 in a research note on Wednesday, August 9th. Finally, William Blair upgraded Green Dot from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Green Dot currently has an average rating of “Buy” and a consensus price target of $53.36.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. bought a new position in Green Dot in the 2nd quarter worth about $108,000. IFP Advisors Inc increased its stake in Green Dot by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the last quarter. Turner Investments LLC bought a new position in Green Dot in the 2nd quarter worth about $154,000. Ameritas Investment Partners Inc. increased its stake in Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 472 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the last quarter. Institutional investors and hedge funds own 79.31% of the company’s stock.
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About Green Dot
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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