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.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/05/insider-selling-green-dot-co-gdot-ceo-sells-423460-00-in-stock.html.
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.
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.