Green Dot Co. (GDOT) Insider Sells $834,291.15 in Stock
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.
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.
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.
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