Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $61.23, for a total value of $1,254,602.70. Following the completion of the sale, the insider now owns 176,621 shares in the company, valued at $10,814,503.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Green Dot Co. (NYSE GDOT) opened at $61.61 on Friday. Green Dot Co. has a 52-week low of $24.99 and a 52-week high of $65.88. The firm has a market capitalization of $3,131.02, a PE ratio of 36.03 and a beta of 0.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.
Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating 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 firm had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. sell-side analysts predict that Green Dot Co. will post 1.71 EPS for the current year.
GDOT has been the topic of a number of research reports. Craig Hallum initiated coverage on Green Dot in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 price objective on the stock. Citigroup boosted their price objective on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. 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. Jefferies Group restated a “buy” rating and issued a $53.00 price objective on shares of Green Dot in a research note on Thursday, October 12th. Finally, Lake Street Capital cut Green Dot from a “buy” rating to a “hold” rating and boosted their price objective for the company from $44.00 to $55.00 in a research note on Wednesday, October 11th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $55.54.
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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