Green Dot Co. (NYSE:GDOT) General Counsel John C. Ricci sold 4,916 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.20, for a total transaction of $305,775.20. Following the completion of the transaction, the general counsel now directly owns 60,707 shares of the company’s stock, valued at approximately $3,775,975.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Green Dot Co. (NYSE GDOT) traded down $0.25 on Wednesday, reaching $59.56. 396,800 shares of the company’s stock were exchanged, compared to its average volume of 356,005. Green Dot Co. has a 12-month low of $23.39 and a 12-month high of $65.88. The firm has a market cap of $3,039.54, a price-to-earnings ratio of 34.98 and a beta of 0.96. 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 results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The company had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. equities analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Several research firms have weighed in on GDOT. Craig Hallum started coverage on Green Dot in a report on Thursday, October 5th. They set a “buy” rating and a $70.00 target price on the stock. SunTrust Banks reaffirmed a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Citigroup lifted their target price on Green Dot from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. BidaskClub downgraded Green Dot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Finally, ValuEngine raised Green Dot from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Green Dot presently has an average rating of “Buy” and an average price target of $53.36.
A number of hedge funds and other institutional investors have recently made changes to their positions in GDOT. Daiwa Securities Group Inc. bought a new stake in Green Dot during the 2nd quarter worth about $108,000. IFP Advisors Inc lifted its position in Green Dot by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares in the last quarter. Turner Investments LLC bought a new stake in shares of Green Dot in the 2nd quarter valued at about $154,000. Ameritas Investment Partners Inc. raised its holdings in shares of Green Dot 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 purchasing an additional 472 shares during the period. Finally, Riverhead Capital Management LLC raised its holdings in shares of Green Dot by 55.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,429 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.
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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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