Green Dot Corporation (GDOT) Insider Sells $381,361.50 in Stock
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $47.70, for a total value of $381,361.50. Following the sale, the insider now directly owns 217,010 shares in the company, valued at approximately $10,351,377. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Green Dot Corporation (NYSE GDOT) traded up 0.65% on Thursday, hitting $48.18. The stock had a trading volume of 388,176 shares. The company has a market cap of $2.43 billion, a P/E ratio of 40.97 and a beta of 1.06. The stock’s 50-day moving average is $42.30 and its 200-day moving average is $36.11. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $48.25.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.16. The company had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. Green Dot Corporation’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current year.
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Several research analysts recently issued reports on GDOT shares. Citigroup Inc. raised their target price on Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. William Blair raised Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods set a $37.00 target price on Green Dot Corporation and gave the stock a “hold” rating in a research report on Thursday, July 6th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.33.
Several hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new stake in Green Dot Corporation during the second quarter worth $108,000. IFP Advisors Inc raised its stake in Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Green Dot Corporation during the first quarter worth $118,000. Turner Investments LLC purchased a new stake in Green Dot Corporation during the second quarter worth $154,000. Finally, Riverhead Capital Management LLC raised its stake in Green Dot Corporation by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,429 shares in the last quarter. Institutional investors own 77.56% of the company’s stock.
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.
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