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

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 6,830 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $59.63, for a total transaction of $407,272.90. Following the transaction, the chief executive officer now owns 176,621 shares in the company, valued at $10,531,910.23. The sale was disclosed in a filing with the SEC, which is available through this link.

Green Dot Co. (NYSE:GDOT) traded up $0.51 during trading hours on Thursday, hitting $60.97. 177,619 shares of the stock were exchanged, compared to its average volume of 248,967. Green Dot Co. has a twelve month low of $23.66 and a twelve month high of $65.88. The company has a market cap of $3,027.86, a PE ratio of 44.18 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

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

Several research analysts have issued reports on the stock. ValuEngine cut shares of Green Dot from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Morgan Stanley set a $60.00 target price on shares of Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Monday, November 13th. Citigroup cut shares of Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 price target on the stock. in a report on Monday, November 13th. Finally, Cowen restated a “hold” rating and issued a $52.00 price target on shares of Green Dot in a report on Friday, November 10th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $53.36.

Several institutional investors have recently made changes to their positions in GDOT. Legal & General Group Plc raised its position in shares of Green Dot by 8.2% in the 2nd quarter. Legal & General Group Plc now owns 84,898 shares of the financial services provider’s stock valued at $3,270,000 after purchasing an additional 6,450 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Green Dot by 6.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,024 shares of the financial services provider’s stock valued at $617,000 after purchasing an additional 977 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Green Dot by 21.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 34,706 shares of the financial services provider’s stock valued at $1,337,000 after purchasing an additional 6,055 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of Green Dot by 6.3% in the 2nd quarter. Federated Investors Inc. PA now owns 53,536 shares of the financial services provider’s stock valued at $2,063,000 after purchasing an additional 3,153 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in shares of Green Dot in the 2nd quarter valued at approximately $212,000. 79.15% of the stock is owned by hedge funds and other institutional investors.

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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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