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.
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.
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