Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $54.21, for a total value of $433,408.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Green Dot Corporation (GDOT) traded down 0.31% on Thursday, reaching $53.85. The company had a trading volume of 294,781 shares. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $55.57. The stock’s 50-day moving average price is $49.11 and its 200 day moving average price is $40.69. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 45.79 and a beta of 1.00.

Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, equities analysts anticipate that Green Dot Corporation will post $2.05 earnings per share for the current fiscal year.

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Several research firms have issued reports on GDOT. SunTrust Banks, Inc. reissued a “buy” rating on shares of Green Dot Corporation in a research note on Wednesday, September 20th. Lake Street Capital cut Green Dot Corporation from a “buy” rating to a “hold” rating and raised their target price for the stock from $44.00 to $55.00 in a research note on Wednesday. Jefferies Group LLC reissued a “buy” rating and set a $53.00 target price on shares of Green Dot Corporation in a research note on Thursday. BidaskClub cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, July 12th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.91.

A number of large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in Green Dot Corporation in the 2nd quarter valued at about $365,000. Ameritas Investment Partners Inc. boosted 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 valued at $155,000 after buying an additional 472 shares during the last quarter. Castleark Management LLC boosted 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 valued at $19,039,000 after buying an additional 127,199 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 valued at $1,361,000 after buying an additional 2,424 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Green Dot Corporation in the 2nd quarter valued at about $212,000. 77.43% of the stock is owned by institutional investors.

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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