Mark L. Shifke Sells 5,000 Shares of Green Dot Corp. (GDOT) Stock
Green Dot Corp. (NYSE:GDOT) CFO Mark L. Shifke sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $22.97, for a total value of $114,850.00. Following the sale, the chief financial officer now owns 820,770 shares in the company, valued at approximately $18,853,086.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Green Dot Corp. (NYSE:GDOT) opened at 23.06 on Friday. The firm has a 50-day moving average price of $23.12 and a 200 day moving average price of $22.85. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 34.62 and a beta of 0.91. Green Dot Corp. has a 52-week low of $15.28 and a 52-week high of $24.41.
Green Dot Corp. (NYSE:GDOT) last released its quarterly earnings results on Thursday, August 4th. The financial services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Green Dot Corp. had a net margin of 5.01% and a return on equity of 7.80%. The business had revenue of $173.50 million for the quarter, compared to analysts’ expectations of $169.27 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Green Dot Corp.’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Green Dot Corp. will post $1.43 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Green Dot Corp. during the first quarter valued at approximately $726,000. Legal & General Group Plc boosted its position in shares of Green Dot Corp. by 13.0% in the first quarter. Legal & General Group Plc now owns 9,744 shares of the financial services provider’s stock worth $224,000 after buying an additional 1,123 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Green Dot Corp. during the first quarter worth about $346,000. HBK Investments L P acquired a new position in shares of Green Dot Corp. during the first quarter worth about $2,076,000. Finally, potrero capital research llc acquired a new position in shares of Green Dot Corp. during the first quarter worth about $942,000. 76.63% of the stock is currently owned by institutional investors and hedge funds.
GDOT has been the topic of several analyst reports. Jefferies Group restated a “buy” rating and set a $28.00 price objective on shares of Green Dot Corp. in a report on Friday, August 5th. TheStreet cut Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. restated a “hold” rating and set a $23.00 price objective on shares of Green Dot Corp. in a report on Friday, August 5th. Deutsche Bank AG raised their price objective on Green Dot Corp. from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Finally, Morgan Stanley set a $23.00 price objective on Green Dot Corp. and gave the stock a “hold” rating in a report on Friday, August 5th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Green Dot Corp. has a consensus rating of “Hold” and a consensus price target of $23.31.
Green Dot Corp. Company Profile
Green Dot Corporation, along with its subsidiaries, 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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