Steven W. Streit Sells 6,830 Shares of Green Dot Co. (GDOT) Stock

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $56.48, for a total value of $385,758.40. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at $9,975,554.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Green Dot Co. (NYSE:GDOT) traded down $1.48 during mid-day trading on Thursday, hitting $55.87. The stock had a trading volume of 336,979 shares, compared to its average volume of 277,096. The company has a market cap of $2,923.17, a price-to-earnings ratio of 40.49 and a beta of 0.87. Green Dot Co. has a 12-month low of $26.13 and a 12-month high of $65.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09.

Green Dot (NYSE:GDOT) last issued its quarterly earnings data 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. The firm had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. research analysts forecast that Green Dot Co. will post 1.71 EPS for the current fiscal year.

GDOT has been the topic of several recent research reports. Zacks Investment Research upgraded 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. Citigroup lowered Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target on the stock. in a research report on Monday, November 13th. BTIG Research upgraded 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. Deutsche Bank raised their price target on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $55.54.

Several hedge funds have recently modified their holdings of GDOT. Ameritas Investment Partners Inc. grew its position in shares of Green Dot by 13.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after buying an additional 472 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Green Dot by 70.4% in the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,082 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Green Dot in the 3rd quarter valued at approximately $210,000. Cubist Systematic Strategies LLC purchased a new position in shares of Green Dot in the 2nd quarter valued at approximately $212,000. Finally, Brown Advisory Inc. purchased a new position in shares of Green Dot in the 3rd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 78.41% 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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