Insider Selling: Green Dot CEO Sells 21,000 Shares of Stock (GDOT)
Green Dot (NASDAQ:GDOT) CEO Steven W. Streit sold 21,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $18.17, for a total transaction of $381,570.00. Following the sale, the chief executive officer now directly owns 200,000 shares in the company, valued at approximately $3,634,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on GDOT. Analysts at Citigroup Inc. upgraded shares of Green Dot from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. Separately, analysts at Portales Partners upgraded shares of Green Dot from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 13th. Finally, analysts at Compass Point cut their price target on shares of Green Dot from $28.00 to $25.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Green Dot presently has a consensus rating of “Hold” and a consensus price target of $23.26.
Shares of Green Dot (NASDAQ:GDOT) traded up 0.93% on Friday, hitting $18.37. 378,935 shares of the company’s stock traded hands. Green Dot has a one year low of $16.53 and a one year high of $26.87. The stock has a 50-day moving average of $17.91 and a 200-day moving average of $21.36. The company has a market cap of $729.1 million and a P/E ratio of 24.43.
Green Dot (NASDAQ:GDOT) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $159.30 million for the quarter, compared to the consensus estimate of $162.29 million. Analysts expect that Green Dot will post $1.28 EPS for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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