Green Dot Corporation (GDOT) Insider Sells $392,074.80 in Stock
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $49.04, for a total value of $392,074.80. Following the sale, the insider now owns 217,010 shares of the company’s stock, valued at approximately $10,642,170.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Green Dot Corporation (GDOT) opened at 49.58 on Friday. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $50.25. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 42.16 and a beta of 1.01. The firm has a 50-day moving average price of $45.96 and a 200 day moving average price of $38.55.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. Green Dot Corporation’s revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. On average, analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Cowen and Company restated a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Lake Street Capital upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and upped their price target for the stock from $41.00 to $44.00 in a report on Wednesday, August 9th. Deutsche Bank AG upped their price target on Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Northland Securities restated an “outperform” rating and issued a $55.00 price target (up previously from $47.00) on shares of Green Dot Corporation in a report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Green Dot Corporation has a consensus rating of “Buy” and an average price target of $43.50.
Several institutional investors have recently bought and sold shares of GDOT. Daiwa Securities Group Inc. bought a new position in shares of Green Dot Corporation during the 2nd quarter worth approximately $108,000. IFP Advisors Inc lifted its position in shares of Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Green Dot Corporation during the 1st quarter worth approximately $118,000. Turner Investments LLC bought a new position in shares of Green Dot Corporation during the 2nd quarter worth approximately $154,000. Finally, Riverhead Capital Management LLC lifted its position in shares of Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,429 shares during the period. Institutional investors and hedge funds own 77.43% of the company’s stock.
Green Dot Corporation 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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