Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.48, for a total value of $413,078.40. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at approximately $10,682,038.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Green Dot Co. (GDOT) traded up $0.20 during mid-day trading on Thursday, hitting $61.28. The company’s stock had a trading volume of 236,913 shares, compared to its average volume of 264,683. The firm has a market cap of $3,110.00, a P/E ratio of 44.41 and a beta of 0.95. Green Dot Co. has a 52-week low of $25.16 and a 52-week 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. The firm had revenue of $201.60 million for the quarter, compared to the consensus estimate of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. analysts expect that Green Dot Co. will post 1.71 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on GDOT shares. SunTrust Banks reissued a “buy” rating on shares of Green Dot in a research report on Wednesday, September 20th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Monday, November 13th. Craig Hallum started coverage on Green Dot in a research report on Thursday, October 5th. They set a “buy” rating and a $70.00 price target on the stock. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 8th. Finally, Jefferies Group reissued a “buy” rating and set a $53.00 price target on shares of Green Dot in a research report on Thursday, October 12th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Green Dot has a consensus rating of “Buy” and an average price target of $55.54.
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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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