Green Dot Co. (GDOT) CEO Steven W. Streit Sells 7,701 Shares

Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,701 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $57.89, for a total value of $445,810.89. Following the sale, the chief executive officer now owns 69,313 shares of the company’s stock, valued at $4,012,529.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of GDOT traded up $0.15 during trading hours on Friday, reaching $58.56. The stock had a trading volume of 761,274 shares, compared to its average volume of 819,099. Green Dot Co. has a 12 month low of $56.23 and a 12 month high of $93.00. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 23.15 and a beta of 0.76.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.25. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The company had revenue of $237.83 million during the quarter, compared to analysts’ expectations of $235.80 million. During the same period in the prior year, the company earned $0.29 EPS. Green Dot’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that Green Dot Co. will post 2.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in GDOT. Ffcm LLC bought a new position in shares of Green Dot in the 4th quarter valued at $27,000. Legacy Financial Advisors Inc. bought a new position in shares of Green Dot in the 4th quarter valued at $29,000. Pearl River Capital LLC bought a new position in shares of Green Dot in the 4th quarter valued at $40,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Green Dot in the 4th quarter valued at $70,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Green Dot in the 3rd quarter valued at $161,000. Institutional investors own 87.50% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. BTIG Research upgraded Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Thursday, January 3rd. Finally, ValuEngine cut Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.25.

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Green Dot Company Profile

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.

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Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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