Mark L. Shifke Sells 6,500 Shares of Green Dot Co. (GDOT) Stock

Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $61.02, for a total value of $396,630.00. Following the completion of the transaction, the chief financial officer now owns 723,391 shares in the company, valued at approximately $44,141,318.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Green Dot Co. (NYSE:GDOT) opened at $62.47 on Friday. The company has a market capitalization of $3,114.25, a P/E ratio of 35.84 and a beta of 0.96. Green Dot Co. has a 12 month low of $25.16 and a 12 month high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. equities analysts expect that Green Dot Co. will post 1.71 EPS for the current year.

GDOT has been the topic of several research analyst reports. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Monday, November 13th. Citigroup downgraded Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research note on Monday, November 13th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 8th. Deutsche Bank upped their price objective on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Green Dot presently has a consensus rating of “Buy” and an average price target of $55.54.

Several large investors have recently bought and sold shares of GDOT. Rothschild Asset Management Inc. purchased a new stake in shares of Green Dot during the third quarter worth $29,051,000. Renaissance Technologies LLC lifted its position in shares of Green Dot by 57.4% during the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Green Dot by 202.2% during the second quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after acquiring an additional 294,121 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of Green Dot during the third quarter worth $13,178,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Green Dot during the third quarter worth $7,420,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

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Green Dot 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.

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

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