Insider Selling: Timothy Greenleaf Sells 50,000 Shares of Green Dot Corp. Stock (GDOT)
Green Dot Corp. (NASDAQ:GDOT) Director Timothy Greenleaf unloaded 50,000 shares of Green Dot Corp. stock on the open market in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $26.37, for a total transaction of $1,318,500.00. Following the transaction, the director now directly owns 9,186 shares in the company, valued at approximately $242,235. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on GDOT. Analysts at BTIG Research raised their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $26.00 to $31.00 in a research note to investors on Friday, September 27th. They now have a “positive” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Green Dot Corp. (NASDAQ:GDOT) from $29.00 to $28.00 in a research note to investors on Thursday, September 26th. They now have a “neutral” rating on the stock. Finally, analysts at SunTrust reiterated a “hold” rating on shares of Green Dot Corp. (NASDAQ:GDOT) in a research note to investors on Monday, September 23rd. They now have a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.93.
Shares of Green Dot Corp. (NASDAQ:GDOT) traded down 1.69% on Friday, hitting $25.60. The stock had a trading volume of 338,599 shares. Green Dot Corp. has a one year low of $9.54 and a one year high of $26.61. The stock’s 50-day moving average is $24.82 and its 200-day moving average is $20.26. The company has a market cap of $937.0 million and a price-to-earnings ratio of 24.50.
Green Dot Corp. (NASDAQ:GDOT) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $135.10 million. During the same quarter last year, the company posted $0.35 earnings per share. Green Dot Corp.’s revenue was up 3.6% compared to the same quarter last year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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