Green Dot Co. (GDOT) CEO Sells $415,673.80 in Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $60.86, for a total value of $415,673.80. Following the sale, the chief executive officer now directly owns 176,621 shares of the company’s stock, valued at approximately $10,749,154.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Green Dot Co. (NYSE GDOT) traded up $1.87 on Friday, hitting $62.84. The stock had a trading volume of 517,452 shares, compared to its average volume of 316,075. Green Dot Co. has a 12 month low of $24.50 and a 12 month high of $65.88. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3,190.00, a P/E ratio of 45.54 and a beta of 0.95.
Green Dot (NYSE:GDOT) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping 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 company had revenue of $201.60 million during the quarter, compared to the consensus estimate of $191.33 million. During the same quarter last year, the firm earned $0.21 earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. sell-side analysts expect that Green Dot Co. will post 1.71 EPS for the current year.
Several brokerages have issued reports on GDOT. BidaskClub downgraded Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Citigroup raised their price target on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, September 18th. Deutsche Bank raised their price target on Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $53.00 price target on shares of Green Dot in a report on Thursday, October 12th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.31.
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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.
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