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.

Several hedge funds have recently modified their holdings of GDOT. BlackRock Inc. boosted its holdings in Green Dot by 7.1% during the third quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock worth $687,983,000 after buying an additional 514,669 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Green Dot by 1.3% in the third quarter. Vanguard Group Inc. now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after acquiring an additional 71,806 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Green Dot by 1.3% in the third quarter. Vanguard Group Inc now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after acquiring an additional 71,806 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Green Dot by 1.6% in the fourth quarter. Eagle Asset Management Inc. now owns 1,312,523 shares of the financial services provider’s stock valued at $104,371,000 after acquiring an additional 20,758 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Green Dot by 33.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,186,853 shares of the financial services provider’s stock valued at $94,379,000 after acquiring an additional 297,348 shares in the last quarter. 87.02% of the stock is currently owned by institutional investors.

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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