Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 4,165 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $67.24, for a total value of $280,054.60. Following the transaction, the chief executive officer now directly owns 285,958 shares in the company, valued at $19,227,815.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Green Dot Co. (NYSE GDOT) traded up $1.14 during mid-day trading on Friday, reaching $66.18. The company had a trading volume of 154,273 shares, compared to its average volume of 358,985. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. Green Dot Co. has a 12 month low of $32.04 and a 12 month high of $69.37. The stock has a market capitalization of $3,421.67, a PE ratio of 39.66 and a beta of 0.79.
Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The business had revenue of $212.99 million for the quarter, compared to the consensus estimate of $206.07 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 30.9% compared to the same quarter last year. equities research analysts predict that Green Dot Co. will post 2.44 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Bfsg LLC boosted its holdings in Green Dot by 17.2% in the fourth quarter. Bfsg LLC now owns 5,731 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 840 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,082 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Green Dot by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 380,867 shares of the financial services provider’s stock worth $22,950,000 after acquiring an additional 1,093 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Green Dot by 7.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in Green Dot by 2.1% in the third quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock worth $3,270,000 after acquiring an additional 1,383 shares in the last quarter. 82.95% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on GDOT shares. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $68.00 in a research note on Tuesday, February 13th. Cowen reaffirmed a “hold” rating and issued a $55.00 price target on shares of Green Dot in a research note on Friday, January 12th. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $72.00 price target on shares of Green Dot in a research note on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $63.29.
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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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