Green Dot Co. (GDOT) CEO Sells $474,997.68 in Stock
Green Dot Co. (NYSE:GDOT) CEO Steven W. Streit sold 7,701 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $61.68, for a total value of $474,997.68. Following the completion of the sale, the chief executive officer now owns 54,110 shares in the company, valued at $3,337,504.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of GDOT stock traded up $1.18 during mid-day trading on Thursday, hitting $62.00. 958,149 shares of the stock were exchanged, compared to its average volume of 818,301. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 24.51 and a beta of 0.76. Green Dot Co. has a 12-month low of $56.23 and a 12-month high of $93.00.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, February 20th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.25. The company had revenue of $237.83 million for the quarter, compared to analyst estimates of $235.80 million. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, research analysts forecast that Green Dot Co. will post 2.81 EPS for the current fiscal year.
A number of research firms have weighed in on GDOT. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Thursday, January 24th. SunTrust Banks cut their price target on Green Dot to $90.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. 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 assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.25.
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About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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