Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 23,922 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $77.96, for a total transaction of $1,864,959.12. Following the completion of the sale, the insider now directly owns 131,328 shares in the company, valued at approximately $10,238,330.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Green Dot traded down $0.02, reaching $77.98, during midday trading on Thursday, Marketbeat reports. 295,704 shares of the stock were exchanged, compared to its average volume of 371,546. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.01 billion, a PE ratio of 49.35 and a beta of 0.76. Green Dot Co. has a 52 week low of $37.81 and a 52 week high of $79.12.
Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.11. The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. Green Dot’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. research analysts forecast that Green Dot Co. will post 2.35 earnings per share for the current year.
Several research firms have recently issued reports on GDOT. SunTrust Banks reissued a “buy” rating and issued a $72.00 price target on shares of Green Dot in a research report on Friday, February 23rd. Guggenheim reissued a “buy” rating and issued a $76.00 price target on shares of Green Dot in a research report on Monday, February 26th. Craig Hallum boosted their price target on shares of Green Dot from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 10th. ValuEngine raised shares of Green Dot from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Finally, Loop Capital boosted their price target on shares of Green Dot to $76.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Green Dot has an average rating of “Buy” and a consensus price target of $63.64.
A number of institutional investors have recently bought and sold shares of GDOT. Eagle Asset Management Inc. bought a new stake in Green Dot during the 4th quarter worth approximately $82,309,000. Carillon Tower Advisers Inc. bought a new position in shares of Green Dot in the 4th quarter worth $57,764,000. BlackRock Inc. increased its holdings in shares of Green Dot by 8.2% in the 4th quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock worth $389,113,000 after buying an additional 490,902 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Green Dot by 2,582.7% in the 4th quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock worth $19,432,000 after buying an additional 310,435 shares during the last quarter. Finally, Columbus Circle Investors increased its holdings in shares of Green Dot by 352.7% in the 1st quarter. Columbus Circle Investors now owns 286,400 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 223,138 shares during the last quarter. 82.77% of the stock is currently owned by institutional investors and hedge funds.
Green Dot Company Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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