Green Dot Co. (GDOT) Insider Steven W. Streit Sells 12,495 Shares
Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 12,495 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $62.68, for a total value of $783,186.60. Following the transaction, the insider now directly owns 178,121 shares of the company’s stock, valued at $11,164,624.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Green Dot Co. (NYSE GDOT) opened at $66.20 on Friday. Green Dot Co. has a 52-week low of $28.59 and a 52-week high of $69.37. The stock has a market capitalization of $3,369.37, a P/E ratio of 38.55 and a beta of 0.87. 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 (NYSE:GDOT) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The company had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $206.07 million. During the same period last year, the firm posted $0.19 earnings per share. The business’s revenue was up 30.9% on a year-over-year basis. sell-side analysts anticipate that Green Dot Co. will post 2.2 EPS for the current year.
Several research analysts recently commented on the company. Loop Capital increased their price target on Green Dot to $76.00 and gave the company a “buy” rating in a research report on Friday. Cowen reissued a “market perform” rating and set a $62.00 price target (up from $55.00) on shares of Green Dot in a research report on Thursday. Morgan Stanley reissued a “hold” rating and set a $62.00 price target (up from $60.00) on shares of Green Dot in a research report on Thursday. Citigroup increased their price target on Green Dot from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Craig Hallum reissued a “buy” rating and set a $75.00 price target (up from $70.00) on shares of Green Dot in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.62.
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.
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.