Steven W. Streit Sells 20,490 Shares of Green Dot Co. (GDOT) Stock
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.96, for a total value of $1,228,580.40. Following the completion of the sale, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $10,590,195.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Green Dot Co. (NYSE:GDOT) traded down $0.10 during trading hours on Thursday, hitting $60.33. The company had a trading volume of 261,696 shares, compared to its average volume of 355,020. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. Green Dot Co. has a twelve month low of $23.39 and a twelve month high of $65.88. The stock has a market capitalization of $3,026.84, a price-to-earnings ratio of 34.83 and a beta of 0.96.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.21 earnings per share. Green Dot’s quarterly revenue was up 30.5% compared to the same quarter last year. sell-side analysts anticipate that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
GDOT has been the subject of several recent analyst reports. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Monday, November 13th. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, November 8th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price for the company. in a research report on Monday, November 13th. Deutsche Bank raised their target price on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Craig Hallum initiated coverage on Green Dot in a research report on Thursday, October 5th. They issued a “buy” rating and a $70.00 target price for the company. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $53.36.
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About Green Dot
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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