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

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $61.45, for a total value of $419,703.50. Following the sale, the chief executive officer now owns 176,621 shares in the company, valued at approximately $10,853,360.45. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Green Dot Co. (GDOT) opened at $60.36 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3,010.58, a P/E ratio of 34.64 and a beta of 0.96. Green Dot Co. has a 12-month low of $23.39 and a 12-month high of $65.88.

Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. equities research analysts anticipate that Green Dot Co. will post 1.71 earnings per share for the current year.

Several equities research analysts recently commented on the company. ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Morgan Stanley set a $60.00 price objective on Green Dot and gave the stock a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Monday, November 13th. Citigroup lowered Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective for the company. in a report on Monday, November 13th. Finally, Cowen reissued a “hold” rating and set a $52.00 price objective on shares of Green Dot in a report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.36.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. purchased a new position in Green Dot in the 2nd quarter worth approximately $108,000. IFP Advisors Inc raised its holdings in Green Dot by 5,537.3% in the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 2,824 shares during the last quarter. Turner Investments LLC purchased a new position in Green Dot in the 2nd quarter worth approximately $154,000. Riverhead Capital Management LLC raised its holdings 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 worth $155,000 after acquiring an additional 1,429 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its holdings 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 worth $155,000 after acquiring an additional 472 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

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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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