Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $61.45, for a total transaction of $419,703.50. Following the completion of the transaction, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at $10,853,360.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Green Dot Co. (GDOT) traded down $1.68 during trading hours on Thursday, reaching $59.24. 489,140 shares of the company were exchanged, compared to its average volume of 356,156. The stock has a market cap of $3,010.00, a PE ratio of 36.06 and a beta of 0.96. Green Dot Co. has a one year low of $23.39 and a one 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.

Green Dot (NYSE:GDOT) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. equities research analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Cowen restated a “hold” rating and set a $52.00 price objective on shares of Green Dot in a research report on Friday, November 10th. Citigroup cut shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price objective on the stock. in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, November 13th. Deutsche Bank raised their price objective on shares of Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price objective on shares of Green Dot and gave the company a “hold” rating in a research report on Monday, November 20th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Green Dot has an average rating of “Buy” and an average target price of $53.36.

Large investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in Green Dot by 0.7% in the 2nd quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares during the period. Rothschild Asset Management Inc. purchased a new position in Green Dot in the 3rd quarter worth $29,051,000. Boston Advisors LLC purchased a new position in Green Dot in the 3rd quarter worth $5,157,000. State Street Corp raised its position in Green Dot by 5.7% in the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after purchasing an additional 57,343 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Green Dot in the 2nd quarter worth $1,319,000. Institutional investors own 79.26% of the company’s stock.

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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.

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

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