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.
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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.
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