Green Dot Co. (NYSE:GDOT – Get Free Report) insider Topline Capital Management, Ll purchased 36,671 shares of the stock in a transaction on Monday, September 23rd. The stock was bought at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the transaction, the insider now directly owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Green Dot Stock Performance
Shares of GDOT stock opened at $10.96 on Thursday. The stock’s fifty day moving average is $10.77 and its 200-day moving average is $9.83. The stock has a market capitalization of $583.18 million, a PE ratio of -23.32 and a beta of 0.91. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $13.59.
Green Dot (NYSE:GDOT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Green Dot Co. will post 1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Green Dot
Analysts Set New Price Targets
A number of brokerages have weighed in on GDOT. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price target on shares of Green Dot in a research report on Monday, July 22nd. Barclays increased their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.
Read Our Latest Analysis on GDOT
About Green Dot
Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.
Read More
- Five stocks we like better than Green Dot
- Profitably Trade Stocks at 52-Week Highs
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- What Are Growth Stocks and Investing in Them
- Nike’s Post-Earnings Drop Presents a Buying Opportunity
- The How And Why of Investing in Oil Stocks
- Microsoft’s Targeted Upside Might Be Too Good to Ignore
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.