Green Dot Corporation (NYSE:GDOT) CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $55.68, for a total transaction of $148,387.20. Following the completion of the sale, the chief executive officer now directly owns 176,621 shares in the company, valued at approximately $9,834,257.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Green Dot Corporation (GDOT) traded up 0.05% during trading on Thursday, hitting $56.48. 305,895 shares of the stock were exchanged. The stock’s 50-day moving average price is $50.92 and its 200-day moving average price is $42.23. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $57.05. The firm has a market cap of $2.85 billion, a PE ratio of 48.03 and a beta of 1.00.

Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million for 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%. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts expect that Green Dot Corporation will post $2.05 EPS for the current year.

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Several brokerages have issued reports on GDOT. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Green Dot Corporation in a report on Wednesday, September 20th. BidaskClub downgraded shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a report on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target on shares of Green Dot Corporation in a report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.91.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Green Dot Corporation by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after acquiring an additional 38,814 shares in the last quarter. Vanguard Group Inc. raised its position in Green Dot Corporation by 11.2% during the first quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock valued at $136,503,000 after acquiring an additional 412,984 shares in the last quarter. State Street Corp raised its position in Green Dot Corporation by 5.7% during the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after acquiring an additional 57,343 shares in the last quarter. Renaissance Technologies LLC raised its position in Green Dot Corporation by 57.4% during the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after acquiring an additional 299,842 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Green Dot Corporation by 91.0% during the second quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock valued at $27,975,000 after acquiring an additional 346,014 shares in the last quarter. 76.71% of the stock is currently owned by hedge funds and other 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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