Green Dot Co. (GDOT) Insider Sells $497,289.00 in Stock

Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $62.20, for a total value of $497,289.00. Following the sale, the insider now directly owns 176,621 shares in the company, valued at $10,985,826.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Green Dot Co. (GDOT) traded down $0.16 during trading hours on Thursday, hitting $61.80. The company’s stock had a trading volume of 575,706 shares, compared to its average volume of 355,303. Green Dot Co. has a fifty-two week low of $23.39 and a fifty-two week high of $65.88. The stock has a market capitalization of $3,192.51, a price-to-earnings ratio of 36.74 and a beta of 0.91. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business had revenue of $201.60 million during the quarter, compared to analyst estimates of $191.33 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. analysts expect that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.

Several brokerages have weighed in on GDOT. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research note on Wednesday, September 20th. BidaskClub cut Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Cowen reissued a “hold” rating on shares of Green Dot in a research note on Thursday, August 10th. Jefferies Group reissued a “buy” rating and set a $53.00 price objective on shares of Green Dot in a research note on Thursday, October 12th. Finally, Lake Street Capital raised Green Dot from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $41.00 to $44.00 in a research note on Wednesday, August 9th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $53.36.

Several large investors have recently made changes to their positions in GDOT. Daiwa Securities Group Inc. purchased a new stake in shares of Green Dot in the second quarter valued at approximately $108,000. IFP Advisors Inc boosted its holdings in shares of Green Dot by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,824 shares during the period. Turner Investments LLC purchased a new stake in shares of Green Dot in the second quarter valued at approximately $154,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Green Dot by 55.0% in the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,429 shares during the period. Institutional investors and hedge funds own 79.31% of the company’s stock.

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Green Dot 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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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