Green Dot Co. (NYSE:GDOT) CAO Jess Unruh sold 5,670 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $368,550.00. Following the completion of the sale, the chief accounting officer now owns 99,075 shares in the company, valued at approximately $6,439,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jess Unruh also recently made the following trade(s):
- On Wednesday, January 3rd, Jess Unruh sold 13,000 shares of Green Dot stock. The shares were sold at an average price of $60.00, for a total value of $780,000.00.
Shares of Green Dot Co. (NYSE GDOT) traded down $0.10 during trading hours on Friday, hitting $66.20. The stock had a trading volume of 664,490 shares, compared to its average volume of 346,724. Green Dot Co. has a 52-week low of $28.59 and a 52-week high of $69.37. The company has a market capitalization of $3,063.94, a PE ratio of 40.37 and a beta of 0.87. 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 (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.54% and a net margin of 9.65%. The firm had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. research analysts expect that Green Dot Co. will post 2.2 EPS for the current fiscal year.
A number of research firms have weighed in on GDOT. Loop Capital raised their price target on Green Dot to $76.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim restated a “buy” rating on shares of Green Dot in a research report on Wednesday, January 10th. Craig Hallum restated a “buy” rating and set a $75.00 price target (up previously from $70.00) on shares of Green Dot in a research report on Thursday. Cowen restated a “market perform” rating and set a $62.00 price target (up previously from $55.00) on shares of Green Dot in a research report on Thursday. Finally, Morgan Stanley restated a “hold” rating and set a $62.00 price target (up previously from $60.00) on shares of Green Dot in a research report on Thursday. Seven research 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 stock presently has an average rating of “Buy” and a consensus price target of $59.62.
Several large investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new position in shares of Green Dot during the fourth quarter valued at about $231,000. MetLife Investment Advisors LLC bought a new position in shares of Green Dot during the fourth quarter valued at about $1,297,000. Verition Fund Management LLC bought a new position in shares of Green Dot during the fourth quarter valued at about $216,000. Raymond James & Associates bought a new stake in shares of Green Dot in the fourth quarter worth about $1,002,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Green Dot in the fourth quarter worth about $968,000. 84.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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