Green Dot Corporation (GDOT) General Counsel John C. Ricci Sells 15,043 Shares

Green Dot Corporation (NYSE:GDOT) General Counsel John C. Ricci sold 15,043 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $36.12, for a total transaction of $543,353.16. Following the completion of the sale, the general counsel now owns 90,032 shares in the company, valued at $3,251,955.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Green Dot Corporation (GDOT) opened at 39.53 on Friday. Green Dot Corporation has a 12-month low of $20.79 and a 12-month high of $40.19. The company has a 50-day moving average price of $36.68 and a 200 day moving average price of $30.44. The company has a market cap of $1.97 billion, a PE ratio of 40.63 and a beta of 1.03.

Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Green Dot Corporation had a return on equity of 10.11% and a net margin of 6.65%. The business had revenue of $253 million during the quarter, compared to analyst estimates of $233.49 million. During the same period in the prior year, the company earned $0.78 earnings per share. Green Dot Corporation’s revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Green Dot Corporation will post $1.95 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Green Dot Corporation (NYSE:GDOT)

TRADEMARK VIOLATION WARNING: This story was posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://transcriptdaily.com/2017/06/17/green-dot-co-gdot-general-counsel-john-c-ricci-sells-15043-shares-of-stock-updated-updated.html.

A number of institutional investors have recently made changes to their positions in GDOT. Ameritas Investment Partners Inc. purchased a new position in shares of Green Dot Corporation during the first quarter valued at $118,000. Elkfork Partners LLC purchased a new position in shares of Green Dot Corporation during the fourth quarter valued at $103,000. Asset Management One Co. Ltd. purchased a new position in shares of Green Dot Corporation during the first quarter valued at $162,000. State of Alaska Department of Revenue raised its position in shares of Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares during the period. Finally, Ronald Blue & Co. LLC purchased a new position in shares of Green Dot Corporation during the first quarter valued at $215,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on GDOT shares. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Monday, February 27th. Citigroup Inc. boosted their price target on Green Dot Corporation to $32.00 in a research note on Thursday, February 23rd. SunTrust Banks, Inc. raised Green Dot Corporation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Tuesday, March 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 target price on shares of Green Dot Corporation in a research report on Monday, May 22nd. Finally, Loop Capital reaffirmed a “buy” rating and set a $41.00 target price (up previously from $33.00) on shares of Green Dot Corporation in a research report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Green Dot Corporation has an average rating of “Hold” and an average price target of $32.20.

Green Dot Corporation 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.

Receive News & Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply