Green Dot Co. (GDOT) Insider Steven W. Streit Sells 20,490 Shares
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $61.09, for a total transaction of $1,251,734.10. Following the sale, the insider now owns 176,621 shares of the company’s stock, valued at $10,789,776.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Green Dot Co. (GDOT) traded up $1.12 during midday trading on Friday, hitting $60.36. 960,900 shares of the company’s stock were exchanged, compared to its average volume of 358,655. Green Dot Co. has a fifty-two week low of $23.39 and a fifty-two week high of $65.88. The company has a market capitalization of $3,095.95, a P/E ratio of 35.63 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.
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, beating the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The business had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. research analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current year.
A number of equities analysts recently issued reports on GDOT shares. ValuEngine raised shares of Green Dot from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Citigroup increased their price target on shares of Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research note on Wednesday, September 20th. Finally, Northland Securities reissued an “outperform” rating and issued a $55.00 price target (up from $47.00) on shares of Green Dot in a research note on Tuesday, September 26th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Green Dot currently has a consensus rating of “Buy” and a consensus target price of $53.36.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Green Dot by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after acquiring an additional 38,814 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of Green Dot during the third quarter valued at approximately $29,051,000. State Street Corp increased its position in shares of Green Dot by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Boston Advisors LLC bought a new stake in shares of Green Dot during the third quarter valued at approximately $5,157,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Green Dot during the second quarter valued at approximately $1,319,000. 79.26% of the stock is owned by institutional investors and hedge funds.
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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