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

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.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Suntrust Banks Inc. increased its position in shares of Green Dot by 2.4% during the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock valued at $282,000 after buying an additional 175 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Green Dot by 13.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after buying an additional 472 shares during the period. Virtu KCG Holdings LLC increased its position in shares of Green Dot by 5.6% during the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock valued at $376,000 after buying an additional 520 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Green Dot by 6.5% during the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock valued at $617,000 after buying an additional 977 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in shares of Green Dot by 5.0% during 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 buying an additional 1,260 shares during the period. Hedge funds and other institutional investors own 79.15% of the company’s stock.

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.

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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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