Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $61.23, for a total value of $1,254,602.70. Following the completion of the transaction, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $10,814,503.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Green Dot Co. (NYSE:GDOT) traded up $0.78 during mid-day trading on Thursday, hitting $61.44. The stock had a trading volume of 168,463 shares, compared to its average volume of 347,743. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3,120.00, a price-to-earnings ratio of 44.52 and a beta of 0.95. Green Dot Co. has a 1-year low of $24.59 and a 1-year high of $65.88.
Green Dot (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 consensus estimate of $0.20 by $0.14. The company had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. Green Dot 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. equities research analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its stake in Green Dot by 55.0% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares in the last quarter. Shelton Capital Management acquired a new position in Green Dot during the third quarter worth $210,000. Pacad Investment Ltd. acquired a new position in Green Dot during the second quarter worth $212,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Green Dot during the second quarter worth $212,000. Institutional investors own 79.15% of the company’s stock.
GDOT has been the subject of several analyst reports. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a report on Wednesday, September 20th. Citigroup upped their price target on Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, September 18th. BidaskClub cut Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Craig Hallum initiated coverage on Green Dot in a report on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target for the company. Finally, BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $55.31.
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Green Dot 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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