Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 29,580 shares of Green Dot stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $74.96, for a total value of $2,217,316.80. Following the completion of the sale, the insider now directly owns 112,059 shares in the company, valued at approximately $8,399,942.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Green Dot stock opened at $77.31 on Friday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 48.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. Green Dot Co. has a 52 week low of $54.08 and a 52 week high of $91.51.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data 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. The company had revenue of $258.30 million for the quarter, compared to the consensus estimate of $250.18 million. Green Dot had a return on equity of 14.26% and a net margin of 12.73%. Green Dot’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. On average, equities analysts expect that Green Dot Co. will post 2.4 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in GDOT. UBS Group AG grew its position in Green Dot by 59.0% in the 1st quarter. UBS Group AG now owns 46,719 shares of the financial services provider’s stock valued at $2,998,000 after acquiring an additional 17,333 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Green Dot in the 1st quarter worth $455,000. Legal & General Group Plc lifted its holdings in shares of Green Dot by 2.8% in the 1st quarter. Legal & General Group Plc now owns 95,735 shares of the financial services provider’s stock worth $6,107,000 after buying an additional 2,621 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Green Dot by 54.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 5,937 shares of the financial services provider’s stock worth $381,000 after buying an additional 2,100 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Green Dot by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 393,267 shares of the financial services provider’s stock worth $25,232,000 after buying an additional 13,240 shares during the period. 84.33% of the stock is currently owned by institutional investors.
GDOT has been the topic of several analyst reports. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Craig Hallum reissued a “buy” rating on shares of Green Dot in a research report on Friday, September 14th. Jefferies Financial Group boosted their target price on Green Dot from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Guggenheim reissued a “buy” rating and set a $88.00 target price on shares of Green Dot in a research report on Thursday, August 9th. Finally, Loop Capital boosted their target price on Green Dot to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Green Dot presently has an average rating of “Buy” and an average target price of $83.00.
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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