Green Dot Co. (NYSE:GDOT) insider Steven W. Streit sold 32,857 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $71.63, for a total value of $2,353,546.91. Following the completion of the sale, the insider now owns 189,390 shares of the company’s stock, valued at $13,566,005.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Green Dot opened at $71.93 on Friday, Marketbeat Ratings reports. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 45.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. Green Dot Co. has a 52-week low of $36.01 and a 52-week high of $74.23.
Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $315.00 million during the quarter, compared to the consensus estimate of $297.25 million. Green Dot had a return on equity of 14.21% and a net margin of 12.10%. The company’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS. analysts forecast that Green Dot Co. will post 2.35 EPS for the current year.
Several brokerages have recently commented on GDOT. Citigroup restated a “buy” rating on shares of Green Dot in a research note on Monday, March 26th. Compass Point downgraded Green Dot from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. Guggenheim restated a “buy” rating and issued a $76.00 target price on shares of Green Dot in a research note on Monday, February 26th. Loop Capital raised their target price on Green Dot to $76.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, SunTrust Banks restated a “buy” rating and issued a $72.00 target price on shares of Green Dot in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $63.64.
Green Dot Company Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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