Green Dot Co. (GDOT) CEO Steven W. Streit Sells 6,830 Shares

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $62.82, for a total value of $429,060.60. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares in the company, valued at $11,095,331.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Green Dot Co. (GDOT) traded up $0.31 during mid-day trading on Thursday, reaching $62.32. The company had a trading volume of 172,885 shares, compared to its average volume of 263,041. The company has a market cap of $3,234.19, a PE ratio of 45.16 and a beta of 0.96. Green Dot Co. has a fifty-two week low of $25.66 and a fifty-two week high of $65.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.

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

GDOT has been the topic of a number of analyst reports. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, November 13th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research report on Monday, November 13th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 8th. Deutsche Bank boosted their price target on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, BidaskClub raised Green Dot from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Green Dot currently has a consensus rating of “Buy” and a consensus price target of $55.54.

Hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its position in Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,429 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Green Dot by 13.3% in the 2nd 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. Shelton Capital Management bought a new position in Green Dot in the 3rd quarter valued at approximately $210,000. Cubist Systematic Strategies LLC bought a new position in Green Dot in the 2nd quarter valued at approximately $212,000. Finally, Brown Advisory Inc. bought a new position in Green Dot in the 3rd quarter valued at approximately $229,000. 78.42% of the stock is currently owned by institutional investors and hedge funds.

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Green Dot Company Profile

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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