Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 23,922 shares of the firm’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $72.55, for a total transaction of $1,735,541.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Green Dot traded down $0.60, hitting $71.65, during midday trading on Friday, MarketBeat.com reports. The company had a trading volume of 8,715 shares, compared to its average volume of 372,002. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 45.33 and a beta of 0.76. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06. Green Dot Co. has a 1-year low of $71.97 and a 1-year high of $72.68.
Get Green Dot alerts:
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $315.00 million for the quarter, compared to the consensus estimate of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. Green Dot’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company posted $1.00 earnings per share. research analysts forecast that Green Dot Co. will post 2.35 earnings per share for the current fiscal year.
Several brokerages have commented on GDOT. Craig Hallum increased their price target on Green Dot from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Zacks Investment Research upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. ValuEngine upgraded Green Dot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Citigroup reiterated a “buy” rating on shares of Green Dot in a report on Monday, March 26th. Finally, Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.64.
Several institutional investors have recently made changes to their positions in GDOT. Eagle Asset Management Inc. acquired a new stake in shares of Green Dot in the fourth quarter worth $82,309,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Green Dot in the fourth quarter worth $57,764,000. BlackRock Inc. grew its stake in shares of Green Dot by 8.2% in the fourth quarter. BlackRock Inc. now owns 6,457,247 shares of the financial services provider’s stock worth $389,113,000 after acquiring an additional 490,902 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Green Dot by 2,582.7% in the fourth quarter. OppenheimerFunds Inc. now owns 322,455 shares of the financial services provider’s stock worth $19,432,000 after acquiring an additional 310,435 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Green Dot by 226.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 382,882 shares of the financial services provider’s stock worth $23,072,000 after acquiring an additional 265,757 shares during the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.
About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.