Green Dot Corporation (NYSE:GDOT) COO Kuan Archer sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $61.67, for a total value of $1,110,060.00. Following the transaction, the chief operating officer now directly owns 106,450 shares of the company’s stock, valued at $6,564,771.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kuan Archer also recently made the following trade(s):

  • On Wednesday, November 1st, Kuan Archer sold 11,898 shares of Green Dot Corporation stock. The stock was sold at an average price of $56.11, for a total value of $667,596.78.

Green Dot Corporation (NYSE GDOT) opened at $61.97 on Friday. The firm has a market capitalization of $3,136.28, a P/E ratio of 36.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. Green Dot Corporation has a 52 week low of $23.39 and a 52 week high of $65.88.

Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.14. The company had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot Corporation had a return on equity of 12.55% and a net margin of 8.61%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. research analysts expect that Green Dot Corporation will post 1.71 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Green Dot Corporation by 0.7% during the second quarter. BlackRock Inc. now owns 5,348,171 shares of the financial services provider’s stock worth $206,067,000 after purchasing an additional 38,814 shares during the period. Vanguard Group Inc. increased its stake in Green Dot Corporation by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 4,091,807 shares of the financial services provider’s stock worth $136,503,000 after acquiring an additional 412,984 shares during the period. State Street Corp increased its stake in Green Dot Corporation by 5.7% during the 2nd quarter. State Street Corp now owns 1,056,391 shares of the financial services provider’s stock worth $40,704,000 after acquiring an additional 57,343 shares during the period. Renaissance Technologies LLC increased its stake in Green Dot Corporation by 57.4% during the 2nd quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after acquiring an additional 299,842 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Green Dot Corporation by 91.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 726,097 shares of the financial services provider’s stock worth $27,975,000 after acquiring an additional 346,014 shares during the period. Institutional investors own 76.91% of the company’s stock.

GDOT has been the subject of several recent research reports. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price objective (up from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. BidaskClub cut Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. William Blair raised Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 9th. Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $41.00 to $44.00 in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG increased their price target on Green Dot Corporation from $37.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $52.85.

Green Dot Corporation 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 Corporation (NYSE:GDOT)

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