Green Dot Corporation (GDOT) Insider Steven W. Streit Sells 7,995 Shares

Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $54.21, for a total transaction of $433,408.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm’s revenue was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share.

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A number of analysts recently commented on the stock. SunTrust Banks, Inc. reissued a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price objective on shares of Green Dot Corporation in a report on Thursday. BidaskClub downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, July 12th. Finally, Cowen and Company restated a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.91.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Green Dot Corporation by 0.7% in the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Green Dot Corporation by 11.2% in the first quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after purchasing an additional 412,984 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Green Dot Corporation by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,753,768 shares of the financial services provider’s stock worth $91,865,000 after purchasing an additional 19,113 shares in the last quarter. State Street Corp lifted its position in shares of Green Dot Corporation by 5.7% in the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after purchasing an additional 57,343 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Green Dot Corporation by 57.4% in the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after purchasing an additional 299,842 shares in the last quarter. 77.43% of the stock is owned by institutional investors and hedge funds.

Green Dot Corporation 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 Corporation (NYSE:GDOT)

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