Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 12,495 shares of the company’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $66.77, for a total value of $834,291.15. Following the completion of the sale, the insider now owns 285,958 shares of the company’s stock, valued at $19,093,415.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Green Dot stock traded down $1.74 during midday trading on Thursday, hitting $65.04. The stock had a trading volume of 262,361 shares, compared to its average volume of 364,330. The stock has a market cap of $3,477.52, a PE ratio of 39.66 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. Green Dot Co. has a fifty-two week low of $32.04 and a fifty-two week high of $69.37.

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Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The business had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $206.07 million. During the same period in the prior year, the business posted $0.19 EPS. The company’s revenue was up 30.9% compared to the same quarter last year. analysts expect that Green Dot Co. will post 2.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of GDOT. LS Investment Advisors LLC lifted its stake in Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,082 shares in the last quarter. Globeflex Capital L P acquired a new position in Green Dot during the 4th quarter worth about $185,000. Shelton Capital Management acquired a new position in Green Dot during the 3rd quarter worth about $210,000. Verition Fund Management LLC acquired a new position in Green Dot during the 4th quarter worth about $216,000. Finally, Brown Advisory Inc. acquired a new position in Green Dot during the 3rd quarter worth about $229,000. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on GDOT. Compass Point cut Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Guggenheim restated a “buy” rating and issued a $76.00 target price on shares of Green Dot in a report on Monday, February 26th. Loop Capital upped their target price on Green Dot to $76.00 and gave the company a “buy” rating in a report on Friday, February 23rd. SunTrust Banks restated a “buy” rating and issued a $72.00 target price on shares of Green Dot in a report on Friday, February 23rd. Finally, Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Tuesday, February 27th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.29.

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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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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