Green Dot Corp. (NYSE:GDOT) COO Kuan Archer sold 12,098 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $23.46, for a total value of $283,819.08. Following the sale, the chief operating officer now owns 128,627 shares of the company’s stock, valued at $3,017,589.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Green Dot Corp. (NYSE:GDOT) traded up 0.89% during midday trading on Wednesday, hitting $23.82. The stock had a trading volume of 271,574 shares. Green Dot Corp. has a 52 week low of $15.28 and a 52 week high of $24.41. The stock’s 50 day moving average price is $22.61 and its 200-day moving average price is $22.92. The company has a market cap of $1.20 billion, a PE ratio of 33.55 and a beta of 1.05.

Green Dot Corp. (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, November 9th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Green Dot Corp. had a net margin of 5.22% and a return on equity of 7.76%. The company had revenue of $154.60 million for the quarter, compared to the consensus estimate of $151.72 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Green Dot Corp. will post $1.43 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Barclays PLC bought a new position in Green Dot Corp. during the first quarter valued at about $726,000. Schwab Charles Investment Management Inc. increased its position in Green Dot Corp. by 2.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 163,326 shares of the financial services provider’s stock valued at $3,755,000 after buying an additional 3,156 shares during the last quarter. California Public Employees Retirement System increased its position in Green Dot Corp. by 16.1% in the second quarter. California Public Employees Retirement System now owns 72,300 shares of the financial services provider’s stock valued at $1,662,000 after buying an additional 10,000 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Green Dot Corp. by 12.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,146 shares of the financial services provider’s stock valued at $762,000 after buying an additional 3,677 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Green Dot Corp. by 9.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,542,880 shares of the financial services provider’s stock valued at $58,460,000 after buying an additional 224,253 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Several brokerages have recently commented on GDOT. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $23.00 price target on shares of Green Dot Corp. in a research report on Friday, August 5th. Jefferies Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Green Dot Corp. in a research report on Friday, August 5th. Deutsche Bank AG increased their price target on shares of Green Dot Corp. from $23.00 to $25.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Morgan Stanley set a $23.00 price target on shares of Green Dot Corp. and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Green Dot Corp. in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.80.

About Green Dot Corp.

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.

5 Day Chart for NYSE:GDOT

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