Green Dot Co. (NYSE:GDOT) CAO Jess Unruh sold 5,670 shares of Green Dot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.00, for a total transaction of $368,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,075 shares in the company, valued at $6,439,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Jess Unruh also recently made the following trade(s):
- On Wednesday, January 3rd, Jess Unruh sold 13,000 shares of Green Dot stock. The stock was sold at an average price of $60.00, for a total transaction of $780,000.00.
Green Dot Co. (NYSE GDOT) traded down $0.10 during midday trading on Friday, reaching $66.20. 664,490 shares of the company were exchanged, compared to its average volume of 384,801. The firm has a market capitalization of $3,369.37, a P/E ratio of 40.37 and a beta of 0.87. Green Dot Co. has a 52 week low of $28.59 and a 52 week high of $69.37. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.08.
Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $212.99 million during the quarter, compared to the consensus estimate of $206.07 million. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. equities analysts predict that Green Dot Co. will post 2.2 earnings per share for the current year.
GDOT has been the subject of several research reports. Citigroup upgraded shares of Green Dot from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $68.00 in a research note on Tuesday, February 13th. William Blair reiterated an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Morgan Stanley set a $60.00 price objective on shares of Green Dot and gave the stock a “hold” rating in a research note on Monday, November 20th. Cowen reiterated a “hold” rating and set a $52.00 price objective on shares of Green Dot in a research note on Friday, November 10th. Finally, Craig Hallum reiterated a “buy” rating and set a $75.00 price objective (up from $70.00) on shares of Green Dot in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.62.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Green Dot by 8.2% during the fourth quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock valued at $389,113,000 after purchasing an additional 490,902 shares during the period. Renaissance Technologies LLC lifted its position in Green Dot by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,422,090 shares of the financial services provider’s stock valued at $85,695,000 after purchasing an additional 32,890 shares during the period. Eagle Asset Management Inc. acquired a new position in Green Dot during the fourth quarter valued at $82,309,000. State Street Corp lifted its position in Green Dot by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after purchasing an additional 57,343 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new position in Green Dot during the fourth quarter valued at $57,764,000. Institutional investors own 84.60% of the company’s stock.
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.
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