Glinda Bridgforth-Hodges Sells 7,500 Shares of Green Dot Corporation (GDOT) Stock
Green Dot Corporation (NYSE:GDOT) Director Glinda Bridgforth-Hodges sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $46.92, for a total transaction of $351,900.00. Following the completion of the sale, the director now directly owns 5,003 shares in the company, valued at approximately $234,740.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Green Dot Corporation (NYSE GDOT) traded down 1.17% during trading on Friday, hitting $46.27. 1,109,113 shares of the company’s stock traded hands. The company has a market cap of $2.33 billion, a PE ratio of 39.35 and a beta of 1.06. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $47.55. The company’s 50 day moving average price is $40.98 and its 200 day moving average price is $35.24.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. Analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current year.
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GDOT has been the topic of a number of research reports. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Monday. BidaskClub upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $42.00 target price on shares of Green Dot Corporation in a report on Monday, May 22nd. Citigroup Inc. restated a “buy” rating and set a $46.00 target price (up from $40.00) on shares of Green Dot Corporation in a report on Monday, July 24th. Finally, Deutsche Bank AG boosted their target price on shares of Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Green Dot Corporation currently has an average rating of “Buy” and an average price target of $41.33.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Green Dot Corporation by 53,389.4% in the first quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock worth $177,121,000 after buying an additional 5,299,431 shares during the last quarter. Norges Bank acquired a new stake in Green Dot Corporation during the fourth quarter worth approximately $10,785,000. Vanguard Group Inc. boosted its stake in Green Dot Corporation by 11.2% in the first quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after buying an additional 412,984 shares during the last quarter. Lucha Capital Management LP acquired a new stake in Green Dot Corporation during the first quarter worth approximately $12,590,000. Finally, Russell Investments Group Ltd. boosted its stake in Green Dot Corporation by 91.0% in the second quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after buying an additional 346,014 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
About Green Dot Corporation
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.
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