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 business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $61.08, for a total value of $1,251,529.20. Following the completion of the sale, the insider now owns 176,621 shares of the company’s stock, valued at $10,788,010.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Green Dot Co. (GDOT) traded down $0.29 on Friday, reaching $60.74. The company had a trading volume of 188,600 shares, compared to its average volume of 355,604. The company has a market cap of $3,101.54, a P/E ratio of 44.01 and a beta of 0.96. 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 Co. has a 52-week low of $23.39 and a 52-week high of $65.88.

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

Several large investors have recently added to or reduced their stakes in GDOT. Riverhead Capital Management LLC grew its stake in shares of Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of 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 worth $155,000 after purchasing an additional 472 shares in the last quarter. Shelton Capital Management bought a new position in shares of Green Dot in the third quarter worth $210,000. Cubist Systematic Strategies LLC bought a new position in shares of Green Dot in the second quarter worth $212,000. Finally, Pacad Investment Ltd. bought a new position in shares of Green Dot in the second quarter worth $212,000. 79.15% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on GDOT. BidaskClub downgraded Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Citigroup boosted their price target on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Deutsche Bank boosted their price target on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Finally, Jefferies Group reiterated a “buy” rating and issued a $53.00 price target on shares of Green Dot in a report on Thursday, October 12th. Seven investment 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 company. The company presently has an average rating of “Buy” and an average price target 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.

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