Green Dot Co. (NYSE:GDOT) insider Jess Unruh sold 2,147 shares of Green Dot stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $83.40, for a total value of $179,059.80. Following the completion of the transaction, the insider now directly owns 67,956 shares in the company, valued at $5,667,530.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jess Unruh also recently made the following trade(s):

  • On Thursday, November 1st, Jess Unruh sold 2,147 shares of Green Dot stock. The stock was sold at an average price of $76.27, for a total value of $163,751.69.
  • On Monday, October 1st, Jess Unruh sold 8,024 shares of Green Dot stock. The stock was sold at an average price of $88.70, for a total value of $711,728.80.

Shares of GDOT stock opened at $78.96 on Friday. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 34.50 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. Green Dot Co. has a fifty-two week low of $54.08 and a fifty-two week high of $93.00.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.13. The business had revenue of $230.58 million during the quarter, compared to the consensus estimate of $223.95 million. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. On average, research analysts anticipate that Green Dot Co. will post 2.49 earnings per share for the current year.

GDOT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Green Dot in a research note on Thursday, August 9th. SunTrust Banks lifted their price objective on Green Dot to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Citigroup lifted their price objective on Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Jefferies Financial Group lifted their price objective on Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Loop Capital lifted their price objective on Green Dot to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Five investment 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.33.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its holdings in Green Dot by 7.1% in the third quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock worth $687,983,000 after purchasing an additional 514,669 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Green Dot by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after acquiring an additional 71,806 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Green Dot by 9.0% during the second quarter. Renaissance Technologies LLC now owns 1,734,700 shares of the financial services provider’s stock valued at $127,310,000 after acquiring an additional 143,700 shares in the last quarter. Carillon Tower Advisers Inc. increased its holdings in shares of Green Dot by 5.4% during the second quarter. Carillon Tower Advisers Inc. now owns 1,010,637 shares of the financial services provider’s stock valued at $74,170,000 after acquiring an additional 52,052 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Green Dot by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 889,505 shares of the financial services provider’s stock valued at $79,004,000 after acquiring an additional 57,758 shares in the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

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About Green Dot

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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