Green Dot Corporation (GDOT) General Counsel John C. Ricci Sells 12,507 Shares

Green Dot Corporation (NYSE:GDOT) General Counsel John C. Ricci sold 12,507 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $62.75, for a total transaction of $784,814.25. Following the transaction, the general counsel now owns 60,707 shares in the company, valued at approximately $3,809,364.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Green Dot Corporation (NYSE GDOT) opened at $63.00 on Tuesday. The company has a market cap of $3,149.31, a P/E ratio of 36.24 and a beta of 0.91. 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 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 data on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. Green Dot Corporation had a net margin of 8.61% and a return on equity of 12.55%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. equities analysts expect that Green Dot Corporation will post 1.71 earnings per share for the current year.

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A number of research analysts have issued reports on GDOT shares. Citigroup Inc. restated a “buy” rating and set a $46.00 target price (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. BTIG Research upgraded shares of Green Dot Corporation from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, November 13th. Deutsche Bank AG increased their target price on shares of Green Dot Corporation from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.36.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in Green Dot Corporation by 17.7% in the 3rd quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock valued at $3,952,000 after purchasing an additional 12,002 shares during the last quarter. Crestline Management LP bought a new position in shares of Green Dot Corporation during the third quarter valued at $1,013,000. Vident Investment Advisory LLC raised its stake in shares of Green Dot Corporation by 2.1% during the third quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock valued at $3,270,000 after acquiring an additional 1,383 shares during the last quarter. AMP Capital Investors Ltd bought a new position in shares of Green Dot Corporation during the third quarter valued at $362,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Green Dot Corporation by 6.1% during the third quarter. Allianz Asset Management GmbH now owns 67,343 shares of the financial services provider’s stock valued at $3,338,000 after acquiring an additional 3,888 shares during the last quarter. 78.79% 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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