Steven W. Streit Sells 20,490 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.96, for a total transaction of $1,228,580.40. Following the completion of the transaction, the insider now directly owns 176,621 shares in the company, valued at $10,590,195.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Green Dot Co. (NYSE:GDOT) opened at $61.21 on Friday. The company has a market cap of $3,065.97, a PE ratio of 35.28 and a beta of 0.96. Green Dot Co. has a fifty-two week low of $23.39 and a fifty-two week high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. equities research analysts anticipate that Green Dot Co. will post 1.71 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. Aperio Group LLC lifted its holdings in Green Dot by 21.0% during the second quarter. Aperio Group LLC now owns 25,601 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 4,445 shares during the last quarter. Strs Ohio lifted its holdings in Green Dot by 3,828.6% during the second quarter. Strs Ohio now owns 27,500 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 26,800 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Green Dot during the second quarter valued at about $108,000. Sei Investments Co. lifted its holdings in shares of Green Dot by 5,956.4% in the second quarter. Sei Investments Co. now owns 19,017 shares of the financial services provider’s stock worth $733,000 after buying an additional 18,703 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Green Dot by 5,537.3% in the second 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 in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on GDOT shares. Craig Hallum started coverage on shares of Green Dot in a report on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target on the stock. Citigroup boosted their price target on shares of Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and issued a $53.00 price target on shares of Green Dot in a report on Thursday, October 12th. Finally, BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Seven investment 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 stock has a consensus rating of “Buy” and an average target price of $53.36.
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Green Dot 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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