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 on Thursday, October 5th. The shares were sold at an average price of $50.90, for a total value of $406,945.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Green Dot Corporation (NYSE GDOT) opened at 53.83 on Friday. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $54.14. The firm has a 50-day moving average price of $48.44 and a 200 day moving average price of $40.17. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 45.77 and a beta of 1.00.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, equities research analysts predict that Green Dot Corporation will post $2.05 EPS for the current year.
A number of research analysts recently weighed in on GDOT shares. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a report on Monday, August 14th. Craig Hallum started coverage on Green Dot Corporation in a report on Thursday. They issued a “buy” rating and a $70.00 target price on the stock. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Green Dot Corporation presently has an average rating of “Buy” and an average target price of $45.91.
A number of large investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in Green Dot Corporation during the 2nd quarter worth $108,000. IFP Advisors Inc lifted its position in Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Green Dot Corporation during the 1st quarter worth $118,000. Turner Investments LLC acquired a new position in Green Dot Corporation during the 2nd quarter worth $154,000. Finally, Riverhead Capital Management LLC lifted its position in Green Dot Corporation by 55.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares during the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Green Dot Corporation 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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