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.

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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.

Insider Buying and Selling by Quarter for Green Dot Corporation (NYSE:GDOT)

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