Green Dot Co. (GDOT) CEO Steven W. Streit Sells 7,701 Shares

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,701 shares of Green Dot stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $61.68, for a total value of $474,997.68. Following the completion of the transaction, the chief executive officer now owns 54,110 shares of the company’s stock, valued at approximately $3,337,504.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of GDOT stock traded up $1.18 on Thursday, hitting $62.00. The company had a trading volume of 958,149 shares, compared to its average volume of 818,301. The stock has a market cap of $3.22 billion, a PE ratio of 24.51 and a beta of 0.76. Green Dot Co. has a twelve month low of $56.23 and a twelve month high of $93.00.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.25. The business had revenue of $237.83 million during the quarter, compared to analysts’ expectations of $235.80 million. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, research analysts expect that Green Dot Co. will post 2.81 EPS for the current year.

Several brokerages have recently issued reports on GDOT. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a report on Friday, January 25th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Thursday, January 3rd. Finally, ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Green Dot currently has an average rating of “Buy” and a consensus target price of $92.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDOT. Ffcm LLC acquired a new position in Green Dot in the 4th quarter worth about $27,000. Legacy Financial Advisors Inc. acquired a new position in Green Dot in the 4th quarter worth about $29,000. Pearl River Capital LLC acquired a new position in Green Dot in the 4th quarter worth about $40,000. Ipswich Investment Management Co. Inc. acquired a new position in Green Dot in the 4th quarter worth about $70,000. Finally, Tower Research Capital LLC TRC acquired a new position in Green Dot in the 3rd quarter worth about $161,000. 87.02% of the stock is owned by institutional investors.

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About Green Dot

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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