Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 29,580 shares of Green Dot stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $78.43, for a total transaction of $2,319,959.40. Following the sale, the insider now directly owns 202,561 shares in the company, valued at approximately $15,886,859.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NYSE GDOT opened at $74.58 on Friday. Green Dot Co. has a one year low of $53.12 and a one year high of $91.51. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4.67 billion, a PE ratio of 47.20 and a beta of 0.70.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The business had revenue of $258.30 million during the quarter, compared to analyst estimates of $250.18 million. During the same period in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Equities analysts forecast that Green Dot Co. will post 2.4 EPS for the current year.
Several research analysts have weighed in on GDOT shares. Craig Hallum reissued a “buy” rating on shares of Green Dot in a report on Friday, September 14th. Loop Capital raised their price objective on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Guggenheim reissued a “buy” rating and set a $88.00 price objective on shares of Green Dot in a report on Thursday, August 9th. Finally, Jefferies Financial Group raised their price objective on shares of Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Green Dot presently has a consensus rating of “Buy” and an average target price of $83.00.
Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Schwab Charles Investment Management Inc. boosted its stake in Green Dot by 12.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 254,398 shares of the financial services provider’s stock valued at $18,671,000 after purchasing an additional 27,979 shares during the period. Cynosure Advisors LLC acquired a new position in Green Dot during the 2nd quarter valued at about $280,000. Royce & Associates LP acquired a new position in Green Dot during the 2nd quarter valued at about $477,000. WINTON GROUP Ltd boosted its stake in Green Dot by 93.1% during the 2nd quarter. WINTON GROUP Ltd now owns 246,446 shares of the financial services provider’s stock valued at $18,087,000 after purchasing an additional 118,790 shares during the period. Finally, Amalgamated Bank boosted its stake in Green Dot by 16.4% during the 2nd quarter. Amalgamated Bank now owns 7,753 shares of the financial services provider’s stock valued at $569,000 after purchasing an additional 1,094 shares during the period. 84.98% of the stock is owned by institutional investors and hedge funds.
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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