Steven W. Streit Sells 7,995 Shares of Green Dot Corporation (GDOT) Stock
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.
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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.
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