Steven W. Streit Sells 2,665 Shares of Green Dot Corporation (GDOT) Stock

Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of Green Dot Corporation stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $62.28, for a total transaction of $165,976.20. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at $10,999,955.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Green Dot Corporation (NYSE:GDOT) traded up $0.12 on Friday, reaching $61.97. The company’s stock had a trading volume of 752,924 shares, compared to its average volume of 410,300. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $3,150.00, a P/E ratio of 36.35 and a beta of 0.91. Green Dot Corporation has a 52 week low of $23.39 and a 52 week high of $65.88.

Green Dot Corporation (NYSE:GDOT) last issued 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. The company had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. Green Dot Corporation had a return on equity of 12.55% and a net margin of 8.61%. Green Dot Corporation’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. research analysts anticipate that Green Dot Corporation will post 1.71 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of GDOT. UBS Asset Management Americas Inc. raised its holdings in Green Dot Corporation by 34.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 19,975 shares of the financial services provider’s stock valued at $666,000 after acquiring an additional 5,076 shares during the last quarter. Teachers Advisors LLC raised its holdings in Green Dot Corporation by 9.3% in the 1st quarter. Teachers Advisors LLC now owns 216,924 shares of the financial services provider’s stock valued at $7,237,000 after acquiring an additional 18,430 shares during the last quarter. Vanguard Group Inc. raised its holdings in Green Dot Corporation by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock valued at $136,503,000 after acquiring an additional 412,984 shares during the last quarter. Geode Capital Management LLC raised its holdings in Green Dot Corporation by 12.9% in the 1st quarter. Geode Capital Management LLC now owns 353,335 shares of the financial services provider’s stock valued at $11,786,000 after acquiring an additional 40,265 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in Green Dot Corporation by 53,389.4% in the 1st quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock valued at $177,121,000 after acquiring an additional 5,299,431 shares during the last quarter. Institutional investors own 76.91% of the company’s stock.

GDOT has been the subject of a number of research reports. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. Citigroup Inc. lifted their price target on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 18th. BidaskClub downgraded Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Lake Street Capital upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Green Dot Corporation currently has an average rating of “Buy” and an average target price of $52.85.

About Green Dot Corporation

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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