Green Dot Corporation (NYSE:GDOT) insider Steven W. Streit sold 7,995 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $47.58, for a total transaction of $380,402.10. Following the sale, the insider now owns 217,010 shares of the company’s stock, valued at approximately $10,325,335.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Green Dot Corporation (NYSE:GDOT) opened at 46.92 on Friday. The stock has a 50 day moving average of $45.49 and a 200-day moving average of $38.15. Green Dot Corporation has a one year low of $21.45 and a one year high of $48.66. The stock has a market cap of $2.37 billion, a P/E ratio of 39.90 and a beta of 1.01.

Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Analysts anticipate that Green Dot Corporation will post $2.05 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2017/09/17/green-dot-corporation-gdot-insider-sells-380402-10-in-stock.html.

A number of brokerages have commented on GDOT. BidaskClub upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Cowen and Company restated a “hold” rating on shares of Green Dot Corporation in a research report on Thursday, August 10th. Lake Street Capital upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $41.00 to $44.00 in a research report on Wednesday, August 9th. Deutsche Bank AG upped their price objective on shares of Green Dot Corporation from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, William Blair upgraded shares of Green Dot Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Green Dot Corporation has an average rating of “Buy” and a consensus price target of $41.33.

A number of hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. lifted its holdings in Green Dot Corporation by 2.4% in the second quarter. Suntrust Banks Inc. now owns 7,339 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 175 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC lifted its holdings in Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 470 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Green Dot Corporation by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 472 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 500 shares during the period. 77.52% of the stock is owned by institutional investors and hedge funds.

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.

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

Receive News & Stock Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related stocks with our FREE daily email newsletter.