Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of Green Dot Corporation stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $53.91, for a total transaction of $143,670.15. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $9,521,638.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Green Dot Corporation (NYSE:GDOT) traded up 0.61% during midday trading on Friday, hitting $54.25. 130,042 shares of the stock traded hands. The company has a market capitalization of $2.74 billion, a PE ratio of 46.13 and a beta of 1.00. The firm’s 50 day moving average price is $50.19 and its 200 day moving average price is $41.53. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $55.57.
Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. Analysts expect that Green Dot Corporation will post $2.05 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its stake in Green Dot Corporation by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 175 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Green Dot Corporation by 2.3% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 300 shares during the period. SG Americas Securities LLC raised its stake in Green Dot Corporation by 3.6% in the 1st quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 470 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Green Dot Corporation by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after buying an additional 472 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Green Dot Corporation by 2.2% in the 1st quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.
A number of equities analysts have recently commented on GDOT shares. Lake Street Capital started coverage on shares of Green Dot Corporation in a research report on Monday, June 26th. They issued a “hold” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods set a $37.00 price target on shares of Green Dot Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating and issued a $46.00 price target (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Seven research 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 Corporation presently has an average rating of “Buy” and an average price target of $47.91.
Green Dot Corporation 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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