Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $62.00, for a total transaction of $423,460.00. Following the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $10,950,502. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Green Dot Co. (NYSE:GDOT) opened at $61.61 on Friday. The company has a market cap of $3,131.02, a price-to-earnings ratio of 36.03 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Co. has a twelve month low of $24.99 and a twelve month high of $65.88.
Green Dot (NYSE:GDOT) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. sell-side analysts predict that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Several research firms have weighed in on GDOT. Citigroup boosted their target price on shares of Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Northland Securities reissued an “outperform” rating and set a $55.00 target price (up previously from $47.00) on shares of Green Dot in a research report on Tuesday, September 26th. ValuEngine downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Craig Hallum began coverage on shares of Green Dot in a research report on Thursday, October 5th. They set a “buy” rating and a $70.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Green Dot has a consensus rating of “Buy” and a consensus price target of $55.54.
Several hedge funds have recently added to or reduced their stakes in GDOT. Rothschild Asset Management Inc. purchased a new stake in shares of Green Dot in the 3rd quarter valued at $29,051,000. Renaissance Technologies LLC boosted its holdings in shares of Green Dot by 57.4% in the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after acquiring an additional 299,842 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Green Dot by 202.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock valued at $16,937,000 after acquiring an additional 294,121 shares during the last quarter. GMT Capital Corp purchased a new stake in shares of Green Dot in the 3rd quarter valued at $13,178,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Green Dot in the 3rd quarter valued at $7,420,000. 79.15% of the stock is currently owned by institutional investors and hedge funds.
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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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