Steven W. Streit Sells 7,995 Shares of Green Dot Corporation (GDOT) Stock
Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $50.90, for a total value of $406,945.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Green Dot Corporation (GDOT) traded up 2.71% during trading on Thursday, hitting $52.21. The stock had a trading volume of 422,763 shares. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 44.40 and a beta of 1.00. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $52.37. The firm’s 50 day moving average is $48.08 and its 200 day moving average is $39.93.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) 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 revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $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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Several research firms have issued reports on GDOT. Lake Street Capital upgraded Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price objective (up previously from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. Finally, ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $43.50.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GDOT. BlackRock Inc. boosted its stake in shares of Green Dot Corporation by 53,389.4% during the 1st quarter. BlackRock Inc. now owns 5,309,357 shares of the financial services provider’s stock worth $177,121,000 after acquiring an additional 5,299,431 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after acquiring an additional 412,984 shares in the last quarter. Lucha Capital Management LP bought a new stake in shares of Green Dot Corporation during the 1st quarter worth about $12,590,000. Russell Investments Group Ltd. boosted its stake in shares of Green Dot Corporation by 91.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after acquiring an additional 346,014 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Green Dot Corporation by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares in the last quarter. Institutional investors own 77.43% 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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