Christian Devin Ruppel Sells 27,931 Shares of Green Dot Corporation (NYSE:GDOT) Stock

Key Points

• Insider Christian Devin Ruppel sold 27,931 shares of Green Dot Corporation at an average price of $12.39, totaling approximately $346,065, reducing their ownership by 10.97%.
• Green Dot reported earnings of $0.40 per share for the last quarter, surpassing expectations by $0.23, while revenue increased by 23.9% compared to the previous year.
• Recent analyst ratings show a shift in sentiment, with the average target price raised to $13.00 and a consensus rating of "Moderate Buy."

Green Dot Corporation (NYSE:GDOT - Get Free Report) insider Christian Devin Ruppel sold 27,931 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total value of $346,065.09. Following the transaction, the insider owned 226,656 shares in the company, valued at approximately $2,808,267.84. This represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Green Dot Stock Performance

NYSE:GDOT traded down $0.42 during trading hours on Friday, reaching $13.37. The company had a trading volume of 1,207,086 shares, compared to its average volume of 941,432. Green Dot Corporation has a 1-year low of $6.12 and a 1-year high of $14.27. The firm has a market cap of $733.88 million, a PE ratio of -30.39 and a beta of 0.75. The business's 50 day moving average price is $10.64 and its 200-day moving average price is $9.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.58.

Green Dot (NYSE:GDOT - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.23. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%. The company had revenue of $501.16 million during the quarter, compared to the consensus estimate of $496.49 million. During the same period in the previous year, the company posted $0.25 earnings per share. Green Dot's revenue for the quarter was up 23.9% on a year-over-year basis. Research analysts forecast that Green Dot Corporation will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Green Dot from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Friday, July 11th. Northland Securities set a $16.00 target price on Green Dot in a report on Tuesday. Barclays lifted their target price on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. Finally, Wall Street Zen raised Green Dot from a "hold" rating to a "buy" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Institutional Trading of Green Dot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its position in shares of Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,221 shares in the last quarter. State of Tennessee Department of Treasury increased its position in shares of Green Dot by 99.0% in the second quarter. State of Tennessee Department of Treasury now owns 22,966 shares of the financial services provider's stock valued at $248,000 after buying an additional 11,423 shares in the last quarter. Topline Capital Management LLC increased its position in shares of Green Dot by 7.2% in the second quarter. Topline Capital Management LLC now owns 4,965,286 shares of the financial services provider's stock valued at $53,526,000 after buying an additional 331,817 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Green Dot by 2.5% in the second quarter. Bridgeway Capital Management LLC now owns 338,152 shares of the financial services provider's stock valued at $3,645,000 after buying an additional 8,233 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Green Dot by 114.7% in the second quarter. Bank of America Corp DE now owns 363,016 shares of the financial services provider's stock valued at $3,913,000 after buying an additional 193,939 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Green Dot Company Profile

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.