Green Dot Co. (GDOT) CEO Steven W. Streit Sells 6,830 Shares

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, December 26th. The stock was sold at an average price of $61.23, for a total transaction of $418,200.90. Following the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,814,503.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Green Dot Co. (NYSE GDOT) opened at $61.61 on Friday. Green Dot Co. has a one year low of $24.99 and a one year high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3,122.38, a PE ratio of 35.93 and a beta of 0.96.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The business had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. research analysts predict that Green Dot Co. will post 1.71 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. raised its position in Green Dot by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 175 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in 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 acquiring an additional 472 shares in the last quarter. Virtu KCG Holdings LLC raised its position in Green Dot by 5.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,767 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 520 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Green Dot by 6.5% in the second quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 977 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Green Dot by 5.0% in the second quarter. Thrivent Financial For Lutherans now owns 26,450 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 79.15% of the company’s stock.

A number of analysts have recently weighed in on the stock. Cowen reissued a “hold” rating and set a $55.00 price target on shares of Green Dot in a research report on Friday. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a report on Wednesday. Zacks Investment Research downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Green Dot from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Morgan Stanley set a $60.00 price objective on shares of Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Green Dot has an average 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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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