Insider Selling: Steven W. Streit Sells 21,000 Shares of Green Dot Stock (GDOT)
Green Dot (NASDAQ:GDOT) CEO Steven W. Streit sold 21,000 shares of Green Dot stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $18.03, for a total transaction of $378,630.00. Following the completion of the transaction, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at approximately $3,606,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
GDOT has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.26.
Shares of Green Dot (NASDAQ:GDOT) traded up 0.17% during mid-day trading on Wednesday, hitting $17.72. 263,526 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 $17.77 and a 200-day moving average of $21.18. The company has a market cap of $703.3 million and a P/E ratio of 23.74.
Green Dot (NASDAQ:GDOT) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Green Dot will post $1.28 earnings per share for the current fiscal year.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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