Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of Green Dot stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $61.02, for a total value of $396,630.00. Following the transaction, the chief financial officer now directly owns 723,391 shares in the company, valued at approximately $44,141,318.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Green Dot Co. (GDOT) traded up $0.87 during mid-day trading on Wednesday, reaching $61.08. The company’s stock had a trading volume of 227,756 shares, compared to its average volume of 324,865. 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 Co. has a twelve month low of $25.08 and a twelve month high of $65.88. The stock has a market capitalization of $3,100.00, a PE ratio of 44.26 and a beta of 0.95.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. equities research analysts forecast that Green Dot Co. will post 1.71 earnings per share for the current year.

Several brokerages recently issued reports on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research report on Wednesday, January 10th. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen reissued a “hold” rating and issued a $55.00 price objective on shares of Green Dot in a research report on Friday, January 12th. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Northland Securities reissued an “outperform” rating and issued a $55.00 price objective (up previously from $47.00) on shares of Green Dot in a research report on Tuesday, September 26th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.54.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Green Dot by 0.7% in the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock valued at $206,067,000 after buying an additional 38,814 shares during the period. State Street Corp raised its stake in shares of Green Dot by 5.7% in the second quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock valued at $40,704,000 after buying an additional 57,343 shares during the period. Renaissance Technologies LLC raised its stake in shares of Green Dot by 57.4% in the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock valued at $31,666,000 after buying an additional 299,842 shares during the period. Northern Trust Corp raised its stake in shares of Green Dot by 11.0% in the second quarter. Northern Trust Corp now owns 602,435 shares of the financial services provider’s stock valued at $23,212,000 after buying an additional 59,905 shares during the period. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Green Dot in the third quarter valued at $29,051,000. Hedge funds and other institutional investors own 78.66% 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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