Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $55.96, for a total value of $363,740.00. Following the completion of the transaction, the chief financial officer now directly owns 713,333 shares of the company’s stock, valued at $39,918,114.68. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Green Dot Co. (GDOT) traded up $1.25 during trading on Wednesday, reaching $60.46. The company’s stock had a trading volume of 388,687 shares, compared to its average volume of 297,278. 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 stock has a market capitalization of $3,070.00, a P/E ratio of 43.81 and a beta of 0.87. Green Dot Co. has a one year low of $26.21 and a one year high of $65.88.
Several research firms recently weighed in on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a research note on Wednesday, January 10th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a research note on Monday. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $68.00 in a research note on Tuesday. Cowen reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Green Dot in a research note on Friday, November 10th. Finally, Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research note on Monday, November 20th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Green Dot currently has an average rating of “Buy” and a consensus target price of $55.69.
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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