Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $47.58, for a total transaction of $380,402.10. Following the sale, the insider now directly owns 217,010 shares of the company’s stock, valued at approximately $10,325,335.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Green Dot Corporation (NYSE:GDOT) traded down 1.91% on Thursday, hitting $46.66. The stock had a trading volume of 269,377 shares. The company has a 50-day moving average price of $45.31 and a 200-day moving average price of $38.03. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $48.66. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 39.68 and a beta of 1.01.

Green Dot Corporation (NYSE:GDOT) last released 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 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%. Green Dot Corporation’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Equities analysts predict that Green Dot Corporation will post $2.05 earnings per share for the current year.

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A number of research firms have recently commented on GDOT. BidaskClub cut shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday. Cowen and Company reissued a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, July 12th. Lake Street Capital raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $41.00 to $44.00 in a 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 report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.33.

A number of large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new stake in Green Dot Corporation in the 2nd quarter worth approximately $365,000. Ameritas Investment Partners Inc. lifted its position in Green Dot Corporation by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares during the last quarter. Castleark Management LLC lifted its position in Green Dot Corporation by 34.7% in the 2nd quarter. Castleark Management LLC now owns 494,144 shares of the financial services provider’s stock worth $19,039,000 after buying an additional 127,199 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Green Dot Corporation by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,322 shares of the financial services provider’s stock worth $1,361,000 after buying an additional 2,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Green Dot Corporation in the 2nd quarter worth approximately $212,000. Institutional investors own 77.52% 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.

Insider Buying and Selling by Quarter for Green Dot Corporation (NYSE:GDOT)

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