Green Dot Corporation (GDOT) Insider Steven W. Streit Sells 7,995 Shares
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $47.70, for a total value of $381,361.50. Following the completion of the sale, the insider now owns 217,010 shares in the company, valued at approximately $10,351,377. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Green Dot Corporation (GDOT) traded down 0.10% on Friday, hitting $48.13. The company had a trading volume of 194,465 shares. The stock has a market capitalization of $2.43 billion, a PE ratio of 40.93 and a beta of 1.06. Green Dot Corporation has a one year low of $21.45 and a one year high of $48.30. The stock has a 50 day moving average of $43.23 and a 200-day moving average of $36.72.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The company 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 period last year, the business posted $0.27 earnings per share. Equities analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current year.
Several research analysts have weighed in on GDOT shares. Zacks Investment Research lowered Green Dot Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. boosted their price target on Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Lake Street Capital started coverage on Green Dot Corporation in a research report on Monday, June 26th. They set a “hold” rating and a $41.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Green Dot Corporation in a research report on Monday, May 22nd. Finally, Keefe, Bruyette & Woods set a $37.00 price target on Green Dot Corporation and gave the stock a “hold” rating in a research report on Thursday, July 6th. Four research 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. Green Dot Corporation presently has an average rating of “Buy” and an average price target of $41.33.
Several hedge funds have recently modified their holdings of GDOT. Teachers Advisors LLC increased its stake in shares of Green Dot Corporation by 89.9% in the fourth quarter. Teachers Advisors LLC now owns 198,494 shares of the financial services provider’s stock worth $4,675,000 after buying an additional 93,956 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Green Dot Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $607,000 after buying an additional 400 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in shares of Green Dot Corporation during the first quarter worth approximately $367,000. State of Alaska Department of Revenue increased its stake in shares of Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Green Dot Corporation by 45.9% in the first quarter. Nationwide Fund Advisors now owns 67,998 shares of the financial services provider’s stock worth $2,268,000 after buying an additional 21,387 shares during the last quarter. 77.56% of the stock is owned by institutional investors.
About Green Dot Corporation
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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