Steven W. Streit Sells 2,665 Shares of Green Dot Corporation (GDOT) Stock
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.
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.
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