Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 20,490 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $61.23, for a total value of $1,254,602.70. Following the completion of the sale, the insider now owns 176,621 shares in the company, valued at $10,814,503.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Green Dot Co. (GDOT) traded up $0.78 on Thursday, reaching $61.44. The company’s stock had a trading volume of 168,463 shares, compared to its average volume of 347,743. Green Dot Co. has a 12 month low of $24.59 and a 12 month high of $65.88. The stock has a market cap of $3,120.00, a price-to-earnings ratio of 44.52 and a beta of 0.95. 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 announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The company had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. During the same quarter in the previous 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. equities analysts predict that Green Dot Co. will post 1.71 EPS for the current fiscal year.
Several brokerages have recently issued reports on GDOT. BidaskClub cut Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Citigroup raised their price target on Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Deutsche Bank raised their price objective on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $55.31.
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.
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