Kenneth C. Aldrich Sells 10,000 Shares of Green Dot Corporation (GDOT) Stock
Green Dot Corporation (NYSE:GDOT) Director Kenneth C. Aldrich sold 10,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the transaction, the director now directly owns 20,142 shares of the company’s stock, valued at approximately $805,881.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Green Dot Corporation (GDOT) opened at 40.35 on Wednesday. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $40.84. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 41.47 and a beta of 1.06. The firm’s 50 day moving average is $39.52 and its 200-day moving average is $34.02.
Green Dot Corporation (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.24. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.59 million. During the same period in the prior year, the firm posted $0.27 EPS. Green Dot Corporation’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, equities analysts forecast that Green Dot Corporation will post $1.95 EPS for the current year.
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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, July 12th. BidaskClub lowered shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup Inc. boosted their price target on shares of Green Dot Corporation from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Keefe, Bruyette & Woods set a $37.00 price target on shares of Green Dot Corporation and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, Lake Street Capital began coverage on shares of Green Dot Corporation in a research report on Monday, June 26th. They set a “hold” rating and a $41.00 price target on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $39.88.
Several hedge funds have recently made changes to their positions in GDOT. Daiwa Securities Group Inc. bought a new stake in shares of Green Dot Corporation during the second quarter worth about $108,000. IFP Advisors Inc increased its stake in shares of Green Dot Corporation by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Green Dot Corporation during the first quarter worth about $118,000. Turner Investments LLC bought a new stake in shares of Green Dot Corporation during the second quarter worth about $154,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Green Dot Corporation during the first quarter worth about $162,000. 81.21% of the stock is currently owned by hedge funds and other institutional investors.
About Green Dot Corporation
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.
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