Green Dot Corporation (NYSE:GDOT) Director Rajeev V. Date sold 4,674 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $45.45, for a total value of $212,433.30. Following the completion of the sale, the director now directly owns 2,889 shares in the company, valued at approximately $131,305.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Green Dot Corporation (GDOT) traded up 1.29% on Tuesday, hitting $46.45. The company’s stock had a trading volume of 604,630 shares. The stock’s 50 day moving average is $40.50 and its 200-day moving average is $35.07. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 39.50 and a beta of 1.06. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $46.88.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, equities research analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in Green Dot Corporation during the second quarter valued at $365,000. Ameritas Investment Partners Inc. boosted its position in Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after buying an additional 472 shares during the last quarter. Castleark Management LLC boosted its position in Green Dot Corporation by 34.7% in the second quarter. Castleark Management LLC now owns 494,144 shares of the financial services provider’s stock valued at $19,039,000 after buying an additional 127,199 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Green Dot Corporation by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 35,322 shares of the financial services provider’s stock valued at $1,361,000 after buying an additional 2,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Green Dot Corporation during the second quarter valued at $212,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

A number of research firms recently issued reports on GDOT. BidaskClub raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a research note on Thursday, August 10th. Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $41.00 to $44.00 in a research note on Wednesday, August 9th. Deutsche Bank AG upped their target price on Green Dot Corporation from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Monday. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Green Dot Corporation presently has a consensus rating of “Buy” and an average target price of $41.33.

Green Dot Corporation 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 Corporation (NYSE:GDOT)

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