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 the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.08, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.

Green Dot Corporation (NYSE:GDOT) opened at $61.97 on Friday. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 36.35 and a beta of 0.91. Green Dot Corporation has a one year low of $23.39 and a one year 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.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for 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 company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. equities research analysts forecast 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. Citigroup Inc. reissued a “buy” rating and set a $46.00 price target (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Deutsche Bank AG raised their price target on shares of Green Dot Corporation from $42.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. BTIG Research raised shares of Green Dot Corporation from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.85.

Several institutional investors have recently modified their holdings of GDOT. BlackRock Inc. boosted its stake in shares of Green Dot Corporation by 53,389.4% during the 1st quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock worth $177,121,000 after acquiring an additional 5,299,431 shares during the last quarter. Rothschild Asset Management Inc. purchased a new position in shares of Green Dot Corporation during the 3rd quarter worth $29,051,000. Vanguard Group Inc. boosted its stake in shares of Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after acquiring an additional 412,984 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Green Dot Corporation by 91.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after acquiring an additional 346,014 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Green Dot Corporation by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares during the last quarter. Institutional investors and hedge funds own 76.91% 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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