Green Dot Co. (GDOT) CEO Sells $423,460.00 in Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $62.00, for a total value of $423,460.00. Following the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,950,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Green Dot Co. (NYSE GDOT) traded up $0.77 during mid-day trading on Friday, hitting $61.44. The stock had a trading volume of 168,400 shares, compared to its average volume of 284,175. Green Dot Co. has a 52 week low of $24.59 and a 52 week high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3,140.00, a price-to-earnings ratio of 44.52 and a beta of 0.95.

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

Several research firms recently commented on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday. Northland Securities reaffirmed an “outperform” rating and set a $55.00 target price (up previously from $47.00) on shares of Green Dot in a research note on Tuesday, September 26th. Finally, BidaskClub raised Green Dot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Green Dot has an average rating of “Buy” and an average price target of $55.31.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Green Dot by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after acquiring an additional 38,814 shares during the period. State Street Corp lifted its holdings in Green Dot by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after acquiring an additional 57,343 shares during the period. Renaissance Technologies LLC lifted its holdings in Green Dot by 57.4% during the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares during the period. Northern Trust Corp lifted its holdings in Green Dot by 11.0% during the second quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock worth $23,212,000 after acquiring an additional 59,905 shares during the period. Finally, Rothschild Asset Management Inc. bought a new stake in Green Dot during the third quarter worth $29,051,000. Institutional investors own 79.15% of the company’s stock.

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About Green Dot

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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