Green Dot Corporation (GDOT) Insider Sells $375,285.30 in Stock
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $46.94, for a total transaction of $375,285.30. Following the transaction, the insider now directly owns 217,010 shares in the company, valued at $10,186,449.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Green Dot Corporation (NYSE GDOT) traded up 1.39% during trading on Thursday, reaching $47.41. 429,888 shares of the company traded hands. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $47.90. The company has a market cap of $2.39 billion, a PE ratio of 40.31 and a beta of 1.06. The company’s 50-day moving average is $41.81 and its 200 day moving average is $35.88.
Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results 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. The company had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. On average, analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of Green Dot Corporation by 113.5% in the first quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock valued at $6,638,000 after buying an additional 105,791 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares during the last quarter. Comerica Bank boosted its stake in Green Dot Corporation by 5.1% in the first quarter. Comerica Bank now owns 49,347 shares of the financial services provider’s stock valued at $1,703,000 after buying an additional 2,399 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Green Dot Corporation during the first quarter valued at $367,000. Finally, Ronald Blue & Co. LLC acquired a new stake in Green Dot Corporation during the first quarter valued at $215,000. Institutional investors and hedge funds own 79.91% of the company’s stock.
Several analysts have commented on the stock. BidaskClub raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Monday, August 14th. Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. Finally, William Blair raised shares of Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research 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 has a consensus rating of “Buy” and a consensus price target of $41.33.
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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