Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of Green Dot Corporation stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.73, for a total transaction of $167,175.45. Following the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $11,079,435.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Green Dot Corporation (GDOT) traded down $0.49 during midday trading on Friday, hitting $62.95. 246,200 shares of the company traded hands, compared to its average volume of 355,272. Green Dot Corporation has a one year low of $23.39 and a one year high of $65.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $3,199.12, a PE ratio of 36.81 and a beta of 0.91.

Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The company had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. Green Dot Corporation’s quarterly revenue was up 30.5% on a year-over-year basis. equities analysts anticipate that Green Dot Corporation will post 1.71 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Green Dot Corporation by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares during the period. Bank of America Corp DE increased its position in shares of Green Dot Corporation by 113.5% during the first quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock valued at $6,638,000 after buying an additional 105,791 shares during the period. Boston Advisors LLC purchased a new position in shares of Green Dot Corporation during the third quarter valued at about $5,157,000. State Street Corp increased its position in shares of Green Dot Corporation by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 57,343 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Green Dot Corporation during the second quarter valued at about $1,319,000. Institutional investors own 78.79% of the company’s stock.

GDOT has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Monday, August 14th. Craig Hallum assumed coverage on shares of Green Dot Corporation in a research note on Thursday, October 5th. They set a “buy” rating and a $70.00 price target for the company. Lake Street Capital lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $44.00 to $55.00 in a research note on Wednesday, October 11th. Morgan Stanley set a $60.00 price target on shares of Green Dot Corporation and gave the stock a “hold” rating in a research note on Monday. Finally, Cowen Inc reiterated a “hold” rating and issued a $52.00 price objective on shares of Green Dot Corporation in a research note on Friday, November 10th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Green Dot Corporation has a consensus rating of “Buy” and an average price target of $53.36.

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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