Green Dot Co. (NYSE:GDOT) CAO Jess Unruh sold 5,670 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $368,550.00. Following the sale, the chief accounting officer now owns 99,075 shares of the company’s stock, valued at approximately $6,439,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Jess Unruh also recently made the following trade(s):
- On Wednesday, January 3rd, Jess Unruh sold 13,000 shares of Green Dot stock. The stock was sold at an average price of $60.00, for a total value of $780,000.00.
Green Dot Co. (NYSE GDOT) opened at $66.20 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.96. Green Dot Co. has a 1 year low of $28.59 and a 1 year high of $69.37. The firm has a market capitalization of $3,364.28, a price-to-earnings ratio of 38.49 and a beta of 0.87.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB purchased a new position in Green Dot in the fourth quarter worth $231,000. MetLife Investment Advisors LLC purchased a new position in Green Dot in the fourth quarter worth $1,297,000. Verition Fund Management LLC purchased a new position in Green Dot in the fourth quarter worth $216,000. Raymond James & Associates purchased a new position in Green Dot in the fourth quarter worth $1,002,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Green Dot in the fourth quarter worth $968,000. 84.60% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. SunTrust Banks reiterated a “buy” rating and set a $72.00 price target on shares of Green Dot in a report on Friday. Loop Capital upped their price target on Green Dot to $76.00 and gave the stock a “buy” rating in a report on Friday. Cowen reiterated a “market perform” rating and set a $62.00 price target (up previously from $55.00) on shares of Green Dot in a report on Thursday. Morgan Stanley reiterated a “hold” rating and set a $62.00 price target (up previously from $60.00) on shares of Green Dot in a report on Thursday. Finally, Citigroup upped their price target on Green Dot from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $62.08.
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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