Green Dot Co. (GDOT) CEO Sells $415,673.80 in Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of Green Dot stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $60.86, for a total value of $415,673.80. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at $10,749,154.06. 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) opened at $62.84 on Monday. The firm has a market capitalization of $3,193.53, a PE ratio of 45.54 and a beta of 0.96. Green Dot Co. has a twelve month low of $24.50 and a twelve month high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. Green Dot’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. equities analysts anticipate that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Cowen reaffirmed a “hold” rating and issued a $52.00 price target on shares of Green Dot in a report on Friday, November 10th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target for the company. in a report on Monday, November 13th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Monday, November 13th. Deutsche Bank lifted their price target on Green Dot from $42.00 to $54.00 and gave the company 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 company a “hold” rating in a report on Monday, November 20th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.31.
Several hedge funds have recently made changes to their positions in GDOT. Riverhead Capital Management LLC increased its stake in shares of 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 valued at $155,000 after acquiring an additional 1,429 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of 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 valued at $155,000 after acquiring an additional 472 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Green Dot in the 3rd quarter valued at about $210,000. Cubist Systematic Strategies LLC bought a new stake in shares of Green Dot in the 2nd quarter valued at about $212,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Green Dot in the 2nd quarter valued at about $212,000. 79.15% of the stock is owned by institutional investors.
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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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