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 firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $56.48, for a total value of $385,758.40. Following the completion of the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $9,975,554.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Green Dot Co. (GDOT) traded down $1.48 during trading hours on Thursday, reaching $55.87. The company’s stock had a trading volume of 336,979 shares, compared to its average volume of 277,096. The stock has a market capitalization of $2,923.17, a PE ratio of 40.49 and a beta of 0.87. Green Dot Co. has a 1-year low of $26.13 and a 1-year 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.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million during the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. sell-side analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. American International Group Inc. raised its stake in Green Dot by 6.4% during the third quarter. American International Group Inc. now owns 36,167 shares of the financial services provider’s stock valued at $1,793,000 after buying an additional 2,180 shares during the last quarter. Rothschild Asset Management Inc. purchased a new position in shares of Green Dot in the third quarter worth $29,051,000. Nationwide Fund Advisors raised its stake in shares of Green Dot by 184.0% in the third quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock worth $6,439,000 after purchasing an additional 84,133 shares during the last quarter. Boston Advisors LLC purchased a new position in shares of Green Dot in the third quarter worth $5,157,000. Finally, State Street Corp raised its stake in shares of Green Dot 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 during the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.

GDOT has been the subject of a number of research analyst reports. Lake Street Capital cut Green Dot from a “buy” rating to a “hold” rating and raised their target price for the company from $44.00 to $55.00 in a research note on Wednesday, October 11th. Jefferies Group restated a “buy” rating and issued a $53.00 target price on shares of Green Dot in a research note on Thursday, October 12th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, November 8th. Deutsche Bank raised their target price on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Finally, Cowen restated a “hold” rating and issued a $52.00 target price on shares of Green Dot in a research note on Friday, November 10th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.54.

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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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