Green Dot Co. (GDOT) Insider Sells $834,291.15 in Stock

Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 12,495 shares of Green Dot stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $66.77, for a total transaction of $834,291.15. Following the completion of the sale, the insider now directly owns 285,958 shares in the company, valued at approximately $19,093,415.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of GDOT stock opened at $65.10 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. Green Dot Co. has a 1-year low of $32.04 and a 1-year high of $69.37. The stock has a market cap of $3,332.52, a price-to-earnings ratio of 37.81 and a beta of 0.79.

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Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The business had revenue of $212.99 million for the quarter, compared to analysts’ expectations of $206.07 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue for the quarter was up 30.9% compared to the same quarter last year. equities research analysts forecast that Green Dot Co. will post 2.44 earnings per share for the current fiscal year.

A number of research firms recently commented on GDOT. Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a report on Wednesday, January 10th. Cowen reaffirmed a “hold” rating and issued a $55.00 price target on shares of Green Dot in a report on Friday, January 12th. Loop Capital lifted their price target on shares of Green Dot to $76.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Citigroup raised shares of Green Dot from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $66.00 to $68.00 in a report on Tuesday, February 13th. Finally, Compass Point cut shares of Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.29.

Institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC increased its holdings in shares of Green Dot by 70.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares during the period. Globeflex Capital L P bought a new position in shares of Green Dot in the fourth quarter worth $185,000. Shelton Capital Management bought a new position in shares of Green Dot in the third quarter worth $210,000. Verition Fund Management LLC bought a new position in shares of Green Dot in the fourth quarter worth $216,000. Finally, Brown Advisory Inc. bought a new position in shares of Green Dot in the third quarter worth $229,000. 82.95% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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