Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of Green Dot stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $59.58, for a total transaction of $406,931.40. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,523,079.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Green Dot Co. (NYSE:GDOT) opened at $61.21 on Friday. Green Dot Co. has a 1 year low of $23.39 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $3,110.69, a price-to-earnings ratio of 35.80 and a beta of 0.96.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. sell-side analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current year.
A number of equities research analysts have commented on GDOT shares. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Monday, August 14th. ValuEngine raised shares of Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Citigroup lifted their target price on shares of Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Green Dot has an average rating of “Buy” and a consensus price target of $53.36.
Several hedge funds have recently modified their holdings of GDOT. Daiwa Securities Group Inc. bought a new stake in shares of Green Dot during the 2nd quarter valued at $108,000. IFP Advisors Inc grew its position in shares of Green Dot by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 2,824 shares during the period. Turner Investments LLC bought a new stake in shares of Green Dot during the 2nd quarter valued at $154,000. Riverhead Capital Management LLC boosted its holdings in Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,429 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.
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About Green Dot
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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