Green Dot Co. (GDOT) CEO Steven W. Streit Sells 4,165 Shares

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 4,165 shares of Green Dot stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $60.65, for a total value of $252,607.25. Following the transaction, the chief executive officer now owns 178,121 shares in the company, valued at $10,803,038.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Green Dot Co. (GDOT) traded down $0.10 during trading on Friday, hitting $66.20. The stock had a trading volume of 664,484 shares, compared to its average volume of 346,724. The firm has a market capitalization of $3,063.94, a PE ratio of 40.37 and a beta of 0.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Co. has a 1-year low of $28.59 and a 1-year high of $69.37.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $206.07 million. Green Dot had a return on equity of 12.54% and a net margin of 9.65%. Green Dot’s revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. research analysts anticipate that Green Dot Co. will post 2.2 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of GDOT. LS Investment Advisors LLC boosted its position in Green Dot by 70.4% during the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 1,082 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Green Dot in the fourth quarter worth about $185,000. Verition Fund Management LLC acquired a new stake in shares of Green Dot in the fourth quarter worth about $216,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Green Dot in the fourth quarter worth about $231,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares during the last quarter. 84.60% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Loop Capital lifted their price target on Green Dot to $76.00 and gave the company a “buy” rating in a research report on Friday. Citigroup lifted their target price on Green Dot from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley restated a “hold” rating and issued a $62.00 target price (up from $60.00) on shares of Green Dot in a report on Thursday. Cowen restated a “market perform” rating and issued a $62.00 target price (up from $55.00) on shares of Green Dot in a report on Thursday. Finally, Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, November 13th. Seven 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 stock. Green Dot has an average rating of “Buy” and an average price target of $59.62.

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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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