Green Dot Co. (GDOT) Insider Steven W. Streit Sells 7,995 Shares

Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $63.08, for a total transaction of $504,324.60. Following the completion of the transaction, the insider now directly owns 176,621 shares of the company’s stock, valued at $11,141,252.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Green Dot Co. (NYSE GDOT) opened at $59.56 on Wednesday. Green Dot Co. has a 1 year low of $23.39 and a 1 year high of $65.88. The company has a market cap of $3,039.54, a P/E ratio of 34.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.96.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Green Dot had a net margin of 8.61% and a return on equity of 12.55%. The firm had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same quarter last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. research analysts anticipate that Green Dot Co. will post 1.71 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Shelton Capital Management acquired a new stake in Green Dot during the 3rd quarter worth $210,000. California Public Employees Retirement System boosted its stake in Green Dot by 17.7% during the 3rd quarter. California Public Employees Retirement System now owns 79,702 shares of the financial services provider’s stock worth $3,952,000 after purchasing an additional 12,002 shares during the last quarter. Crestline Management LP acquired a new stake in Green Dot during the 3rd quarter worth $1,013,000. Vident Investment Advisory LLC boosted its stake in Green Dot by 2.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 65,952 shares of the financial services provider’s stock worth $3,270,000 after purchasing an additional 1,383 shares during the last quarter. Finally, AMP Capital Investors Ltd acquired a new stake in Green Dot during the 3rd quarter worth $362,000. 79.26% of the stock is currently owned by institutional investors.

GDOT has been the topic of several recent research reports. Cowen reaffirmed a “hold” rating and set a $52.00 target price on shares of Green Dot in a report on Friday, November 10th. Citigroup lowered shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Monday, November 13th. Deutsche Bank boosted their target price on shares of Green Dot from $42.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 target price on shares of Green Dot and gave the company a “hold” rating in a research report on Monday, November 20th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.36.

TRADEMARK VIOLATION NOTICE: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/12/06/insider-selling-green-dot-co-gdot-insider-sells-504324-60-in-stock.html.

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.

Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

Receive News & Ratings for Green Dot Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply