Insider Selling: Green Dot Corporation (GDOT) Insider Sells $388,237.20 in Stock
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $48.56, for a total transaction of $388,237.20. Following the transaction, the insider now directly owns 217,010 shares in the company, valued at approximately $10,538,005.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Green Dot Corporation (GDOT) opened at 48.42 on Friday. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $49.00. The stock has a 50 day moving average of $45.96 and a 200-day moving average of $38.55. The stock has a market cap of $2.44 billion, a P/E ratio of 41.17 and a beta of 1.01.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The company’s revenue was up 28.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts forecast that Green Dot Corporation will post $2.05 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/insider-selling-green-dot-corporation-gdot-insider-sells-388237-20-in-stock/1584402.html.
A number of equities analysts have weighed in on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Green Dot Corporation in a research note on Wednesday. Citigroup Inc. increased their price target on shares of Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. BidaskClub downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. ValuEngine raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $42.22.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new stake in Green Dot Corporation in the second quarter valued at approximately $108,000. IFP Advisors Inc lifted its stake in Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Green Dot Corporation in the first quarter valued at approximately $118,000. Turner Investments LLC acquired a new stake in Green Dot Corporation in the second quarter valued at approximately $154,000. Finally, Riverhead Capital Management LLC lifted its stake in Green Dot Corporation by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares during the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.
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.
Receive News & Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.