Green Dot Corporation (GDOT) Director Kenneth C. Aldrich Sells 10,000 Shares
Green Dot Corporation (NYSE:GDOT) Director Kenneth C. Aldrich sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.54, for a total value of $495,400.00. Following the completion of the sale, the director now directly owns 20,563 shares in the company, valued at $1,018,691.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Green Dot Corporation (NYSE GDOT) traded up 1.47% on Tuesday, reaching $51.17. 355,177 shares of the company were exchanged. The firm’s 50 day moving average price is $47.96 and its 200 day moving average price is $39.86. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 43.51 and a beta of 1.00. Green Dot Corporation has a 52 week low of $21.45 and a 52 week high of $51.24.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue was up 28.2% on a year-over-year basis. Equities research analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. increased its holdings in Green Dot Corporation by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after buying an additional 175 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Green Dot Corporation by 2.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC lifted its stake in Green Dot Corporation by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 470 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Green Dot Corporation by 13.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 472 shares during the period. Finally, Arizona State Retirement System lifted its stake in Green Dot Corporation by 2.2% during the 1st quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Several equities analysts have recently issued reports on the company. Citigroup Inc. reiterated a “buy” rating and issued a $46.00 price target (up previously from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. BidaskClub downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG raised their price objective on shares of Green Dot Corporation from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, August 9th. Northland Securities restated an “outperform” rating and set a $55.00 price objective (up from $47.00) on shares of Green Dot Corporation in a research note on Tuesday, September 26th. Finally, 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 report on Monday, August 14th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.50.
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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