Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 11,515 shares of the firm’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $62.11, for a total value of $715,196.65. Following the completion of the sale, the chief executive officer now directly owns 238,519 shares of the company’s stock, valued at $14,814,415.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Green Dot stock traded up $0.53 during trading hours on Thursday, reaching $61.04. The company had a trading volume of 303,920 shares, compared to its average volume of 351,413. Green Dot Co. has a one year low of $33.81 and a one year high of $69.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $3,117.32, a P/E ratio of 38.63 and a beta of 0.73.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $212.99 million during the quarter, compared to analyst estimates of $206.07 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 30.9% on a year-over-year basis. sell-side analysts expect that Green Dot Co. will post 2.41 earnings per share for the current fiscal year.
GDOT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $68.00 in a research report on Tuesday, February 13th. Cowen reissued a “hold” rating and issued a $55.00 target price on shares of Green Dot in a research report on Friday, January 12th. SunTrust Banks reissued a “buy” rating and issued a $72.00 target price on shares of Green Dot in a research report on Friday, February 23rd. Finally, ValuEngine raised Green Dot from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.29.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Green Dot in the fourth quarter worth $231,000. MetLife Investment Advisors LLC bought a new stake in Green Dot during the fourth quarter valued at $1,297,000. Verition Fund Management LLC bought a new stake in Green Dot during the fourth quarter valued at $216,000. Raymond James & Associates bought a new stake in Green Dot during the fourth quarter valued at $1,002,000. Finally, Stone Ridge Asset Management LLC bought a new stake in Green Dot during the fourth quarter valued at $968,000. 81.99% of the stock is owned by hedge funds and other institutional investors.
About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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