Green Dot Corporation (GDOT) COO Kuan Archer Sells 11,898 Shares
Green Dot Corporation (NYSE:GDOT) COO Kuan Archer sold 11,898 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $56.11, for a total value of $667,596.78. Following the transaction, the chief operating officer now owns 109,348 shares in the company, valued at $6,135,516.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Green Dot Corporation (GDOT) traded up $0.36 during trading hours on Friday, reaching $56.58. The company had a trading volume of 320,995 shares, compared to its average volume of 337,335. The stock has a market capitalization of $2.87 billion, a PE ratio of 35.33 and a beta of 0.91.
Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS 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 return on equity of 12.13% and a net margin of 7.66%. Green Dot Corporation’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. equities research analysts predict that Green Dot Corporation will post 1.69 EPS for the current year.
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A number of analysts have recently weighed in on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Green Dot Corporation in a research report on Wednesday, September 20th. BidaskClub lowered Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. 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 report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 price objective on shares of Green Dot Corporation in a research report on Thursday, October 12th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Green Dot Corporation currently has an average rating of “Buy” and an average target price of $47.91.
Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Green Dot Corporation by 0.7% in the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Green Dot Corporation by 113.5% during the first quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock worth $6,638,000 after purchasing an additional 105,791 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Green Dot Corporation during the second quarter worth about $1,319,000. Sawgrass Asset Management LLC grew its holdings in shares of Green Dot Corporation by 70.5% during the second quarter. Sawgrass Asset Management LLC now owns 38,340 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 15,850 shares during the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of Green Dot Corporation during the first quarter worth about $308,000. 77.17% of the stock is currently owned by hedge funds and other institutional investors.
Green Dot Corporation Company Profile
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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