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.
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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