Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $59.63, for a total value of $407,272.90. Following the completion of the sale, the chief executive officer now owns 176,621 shares in the company, valued at approximately $10,531,910.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Green Dot Co. (GDOT) traded up $0.17 during mid-day trading on Friday, reaching $61.61. The company had a trading volume of 159,002 shares, compared to its average volume of 277,460. Green Dot Co. has a 12-month low of $24.99 and a 12-month high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3,122.38, a price-to-earnings ratio of 44.65 and a beta of 0.96.
Green Dot (NYSE:GDOT) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The firm had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. During the same quarter in the prior year, the company earned $0.21 EPS. Green Dot’s revenue was up 30.5% on a year-over-year basis. analysts anticipate that Green Dot Co. will post 1.71 EPS for the current year.
Several institutional investors have recently modified their holdings of the business. KAMES CAPITAL plc lifted its stake in shares of Green Dot by 23.6% during the 4th quarter. KAMES CAPITAL plc now owns 158,225 shares of the financial services provider’s stock worth $9,533,000 after purchasing an additional 30,162 shares during the period. Shelton Capital Management purchased a new position in shares of Green Dot during the 3rd quarter worth $210,000. California Public Employees Retirement System lifted its stake in shares of Green Dot by 17.7% during the 3rd quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock worth $3,952,000 after purchasing an additional 12,002 shares during the period. Crestline Management LP purchased a new position in shares of Green Dot during the 3rd quarter worth $1,013,000. Finally, Vident Investment Advisory LLC lifted its stake in shares of Green Dot by 2.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock worth $3,270,000 after purchasing an additional 1,383 shares during the period. 79.15% of the stock is currently owned by institutional investors.
GDOT has been the topic of a number of research reports. 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 on the stock. Lake Street Capital cut Green Dot from a “buy” rating to a “hold” rating and upped their price target for the stock from $44.00 to $55.00 in a report on Wednesday, October 11th. Morgan Stanley set a $60.00 price target on Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Cowen restated a “hold” rating and issued a $52.00 price target on shares of Green Dot in a report on Friday, November 10th. Finally, Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target on the stock. in a report on Monday, November 13th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.54.
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About Green Dot
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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