Steven W. Streit Sells 6,830 Shares of Green Dot Co. (NYSE:GDOT) Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $62.00, for a total transaction of $423,460.00. Following the completion of the sale, the chief executive officer now owns 176,621 shares in the company, valued at $10,950,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Green Dot Co. (NYSE:GDOT) traded down $2.09 during trading hours on Monday, reaching $57.38. 433,021 shares of the company traded hands, compared to its average volume of 267,113. The company has a market cap of $3,022.26, a P/E ratio of 41.58 and a beta of 0.87. Green Dot Co. has a 12-month low of $25.66 and a 12-month 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 (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, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. During the same period last year, the firm posted $0.21 EPS. Green Dot’s quarterly revenue was up 30.5% compared to the same quarter last year. sell-side analysts anticipate that Green Dot Co. will post 1.71 EPS for the current fiscal year.

A number of research firms have weighed in on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. Jefferies Group reissued a “buy” rating and issued a $53.00 target price on shares of Green Dot in a research note on Thursday, October 12th. Cowen reissued a “hold” rating and issued a $52.00 target price on shares of Green Dot in a research note on Friday, November 10th. Lake Street Capital lowered shares of Green Dot from a “buy” rating to a “hold” rating and raised their price target for the company from $44.00 to $55.00 in a report on Wednesday, October 11th. Finally, Morgan Stanley set a $60.00 price target on shares of Green Dot and gave the company a “hold” rating in a report on Monday, November 20th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.54.

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC increased its position in shares of Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. grew its position 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 valued at $155,000 after purchasing an additional 472 shares in the last quarter. Shelton Capital Management purchased a new position in Green Dot during the third quarter valued at approximately $210,000. Cubist Systematic Strategies LLC purchased a new position in Green Dot during the second quarter valued at approximately $212,000. Finally, Pacad Investment Ltd. acquired a new stake in Green Dot in the second quarter valued at approximately $212,000. 78.41% of the stock is currently owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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