Green Dot Co. (GDOT) Insider Steven W. Streit Sells 20,490 Shares of Stock

Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $61.39, for a total transaction of $1,257,881.10. Following the completion of the transaction, the insider now owns 176,621 shares in the company, valued at $10,842,763.19. The transaction was disclosed in a filing with the SEC, which is available at this link.

Green Dot Co. (NYSE GDOT) traded up $0.12 on Friday, reaching $61.56. 189,631 shares of the company were exchanged, compared to its average volume of 357,458. The firm has a market cap of $3,122.89, a P/E ratio of 44.61 and a beta of 0.96. Green Dot Co. has a 12-month low of $23.39 and a 12-month 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.

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 Zacks’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The company’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. analysts expect that Green Dot Co. will post 1.71 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its position in Green Dot by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 175 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares in the last quarter. Virtu KCG Holdings LLC grew its position in Green Dot by 5.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 520 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Green Dot by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 977 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Green Dot by 5.0% in the second quarter. Thrivent Financial For Lutherans now owns 26,450 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 1,260 shares in the last quarter. 79.15% of the stock is owned by hedge funds and other institutional investors.

GDOT has been the topic of several recent analyst reports. Craig Hallum initiated coverage on shares of Green Dot in a report on Thursday, October 5th. They set a “buy” rating and a $70.00 price objective on the stock. Lake Street Capital lowered shares of Green Dot from a “buy” rating to a “hold” rating and increased their price objective for the stock from $44.00 to $55.00 in a report on Wednesday, October 11th. Morgan Stanley set a $60.00 price objective on shares of Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Cowen reiterated a “hold” rating and set a $52.00 price objective on shares of Green Dot in a report on Friday, November 10th. Finally, ValuEngine upgraded shares of Green Dot from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Green Dot presently has an average rating of “Buy” and an average target price of $53.36.

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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.

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

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