Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of Green Dot Corporation stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $55.68, for a total value of $148,387.20. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at $9,834,257.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Green Dot Corporation (GDOT) traded down $0.84 on Friday, hitting $63.80. The company had a trading volume of 613,400 shares, compared to its average volume of 349,773. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.93. Green Dot Corporation has a 52-week low of $22.19 and a 52-week high of $65.88. The stock has a market capitalization of $3,261.41, a PE ratio of 37.80 and a beta of 0.91.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot Corporation had a return on equity of 12.55% and a net margin of 8.61%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. sell-side analysts predict that Green Dot Corporation will post 1.69 EPS for the current year.
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GDOT has been the topic of several analyst reports. 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 research note on Monday, August 14th. Craig Hallum initiated coverage on Green Dot Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 target price on the stock. Lake Street Capital lowered Green Dot Corporation from a “buy” rating to a “hold” rating and boosted their price target for the stock from $44.00 to $55.00 in a research note on Wednesday, October 11th. Cowen and Company restated a “hold” rating and set a $52.00 price target on shares of Green Dot Corporation in a research note on Friday. Finally, ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.46.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Green Dot Corporation by 0.7% during the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares during the period. Bank of America Corp DE grew its holdings in shares of Green Dot Corporation by 113.5% during the 1st quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock worth $6,638,000 after purchasing an additional 105,791 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Green Dot Corporation during the 2nd quarter worth $1,319,000. Sawgrass Asset Management LLC grew its holdings in shares of Green Dot Corporation by 70.5% during the 2nd quarter. Sawgrass Asset Management LLC now owns 38,340 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 15,850 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Green Dot Corporation by 11.0% during the 2nd quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after purchasing an additional 59,905 shares during the period. 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.
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