Green Dot Co. (NYSE:GDOT - Get Free Report) insider Christian Devin Ruppel sold 10,189 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $11.00, for a total transaction of $112,079.00. Following the transaction, the insider now owns 253,139 shares in the company, valued at $2,784,529. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Green Dot Price Performance
Shares of GDOT traded down $0.25 during trading hours on Friday, reaching $9.46. The company had a trading volume of 627,537 shares, compared to its average volume of 631,985. The firm has a 50 day simple moving average of $8.10 and a 200-day simple moving average of $9.17. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $512.74 million, a price-to-earnings ratio of -9.00 and a beta of 0.76. Green Dot Co. has a 12-month low of $6.12 and a 12-month high of $13.58.
Green Dot (NYSE:GDOT - Get Free Report) last posted its earnings results on Thursday, May 8th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.36. Green Dot had a negative net margin of 3.39% and a positive return on equity of 3.84%. The firm had revenue of $555.96 million during the quarter, compared to the consensus estimate of $503.20 million. During the same period last year, the firm posted $0.59 EPS. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. Research analysts expect that Green Dot Co. will post 0.87 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on GDOT. Keefe, Bruyette & Woods decreased their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research note on Monday, May 12th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research note on Friday, March 14th. Finally, Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
Check Out Our Latest Analysis on GDOT
Institutional Investors Weigh In On Green Dot
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Green Dot by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider's stock valued at $3,885,000 after buying an additional 78,547 shares in the last quarter. Barclays PLC lifted its position in Green Dot by 342.0% during the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after buying an additional 68,481 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Green Dot by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,114,292 shares of the financial services provider's stock valued at $22,496,000 after buying an additional 363,831 shares in the last quarter. Walmart Inc. purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $10,374,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Green Dot during the fourth quarter valued at approximately $2,048,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
Green Dot Company Profile
(
Get Free Report)
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.
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