Green Dot Corporation (GDOT) CEO Sells $148,627.05 in Stock

Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $55.77, for a total transaction of $148,627.05. Following the sale, the chief executive officer now owns 176,621 shares in the company, valued at approximately $9,850,153.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Green Dot Corporation (NYSE:GDOT) opened at $63.80 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3,219.03, a P/E ratio of 37.31 and a beta of 0.91. Green Dot Corporation has a 1-year low of $22.19 and a 1-year high of $65.88.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data 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. The business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. analysts anticipate that Green Dot Corporation will post 1.71 EPS for the current fiscal year.

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GDOT has been the topic of several research reports. Zacks Investment Research upgraded shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Monday, August 14th. Craig Hallum initiated 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 objective on the stock. Lake Street Capital lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating and increased 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. Finally, ValuEngine upgraded shares of 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. The company presently has an average rating of “Buy” and a consensus price target of $50.46.

Several institutional investors have recently bought and sold shares of GDOT. Daiwa Securities Group Inc. bought a new position in shares of Green Dot Corporation in the second quarter valued at approximately $108,000. IFP Advisors Inc boosted its holdings in shares of Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares in the last quarter. Turner Investments LLC bought a new position in shares of Green Dot Corporation in the second quarter valued at approximately $154,000. Riverhead Capital Management LLC boosted its holdings in shares of Green Dot Corporation by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Green Dot Corporation by 13.3% in the second 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. Institutional investors and hedge funds own 77.01% 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.

Insider Buying and Selling by Quarter for Green Dot Corporation (NYSE:GDOT)

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