Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of Green Dot Corporation stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $62.08, for a total value of $496,329.60. Following the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $10,964,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Green Dot Corporation (NYSE:GDOT) traded up $0.80 during trading on Thursday, reaching $61.86. 925,580 shares of the company’s stock were exchanged, compared to its average volume of 353,374. Green Dot Corporation has a 12 month low of $23.39 and a 12 month high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $3,136.28, a PE ratio of 36.35 and a beta of 0.91.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. During the same period last year, the company posted $0.21 EPS. The company’s revenue was up 30.5% on a year-over-year basis. research analysts predict that Green Dot Corporation will post 1.71 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/steven-w-streit-sells-7995-shares-of-green-dot-corporation-gdot-stock-2/1708219.html.

GDOT has been the subject of several analyst reports. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Monday, August 14th. Craig Hallum assumed coverage on Green Dot Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target for the company. Lake Street Capital lowered Green Dot Corporation from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $44.00 to $55.00 in a research note on Wednesday, October 11th. Cowen and Company reiterated a “hold” rating and set a $52.00 price objective on shares of Green Dot Corporation in a research note on Friday, November 10th. Finally, ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Green Dot Corporation has an average rating of “Buy” and a consensus target price of $52.85.

A number of hedge funds have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. acquired a new position in shares of Green Dot Corporation in the 2nd quarter valued at $108,000. IFP Advisors Inc boosted its holdings in shares of Green Dot Corporation by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,824 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Green Dot Corporation in the 2nd quarter valued at $154,000. Riverhead Capital Management LLC boosted its holdings in shares of Green Dot Corporation by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Green Dot Corporation by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares in the last quarter. 76.91% of the stock is owned by hedge funds and other institutional investors.

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)

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.