Green Dot Co. (GDOT) CFO Mark L. Shifke Sells 6,500 Shares of Stock
Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction on Monday, December 11th. The stock was sold at an average price of $61.39, for a total value of $399,035.00. Following the transaction, the chief financial officer now directly owns 743,179 shares of the company’s stock, valued at $45,623,758.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Green Dot Co. (NYSE:GDOT) traded up $0.29 during mid-day trading on Tuesday, reaching $61.67. The company’s stock had a trading volume of 354,373 shares, compared to its average volume of 355,387. Green Dot Co. has a 1 year low of $23.39 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $3,110.69, a P/E ratio of 35.79 and a beta of 0.96.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. equities analysts predict that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Morgan Stanley set a $60.00 price target on Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a report on Monday, November 13th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target for the company. in a report on Monday, November 13th. Finally, Cowen reissued a “hold” rating and issued a $52.00 price target on shares of Green Dot in a report on Friday, November 10th. Seven investment 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. The company currently has an average rating of “Buy” and an average price target of $53.36.
WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/12/green-dot-co-gdot-cfo-mark-l-shifke-sells-6500-shares-of-stock.html.
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.
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.