Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 10,000 shares of Green Dot stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $75.12, for a total value of $751,200.00. Following the completion of the transaction, the chief financial officer now directly owns 637,698 shares in the company, valued at $47,903,873.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
GDOT opened at $75.30 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. Green Dot Co. has a 52-week low of $53.12 and a 52-week high of $91.51. The company has a market cap of $4.67 billion, a PE ratio of 47.66 and a beta of 0.70.
Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.11. Green Dot had a return on equity of 14.26% and a net margin of 12.73%. The firm had revenue of $258.30 million for the quarter, compared to analysts’ expectations of $250.18 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts anticipate that Green Dot Co. will post 2.4 EPS for the current year.
A number of equities analysts have commented on GDOT shares. Zacks Investment Research cut Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Craig Hallum reaffirmed a “buy” rating and issued a $95.00 price target on shares of Green Dot in a research note on Tuesday, July 17th. Jefferies Financial Group lifted their price target on Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Citigroup lifted their price target on Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Morgan Stanley lifted their price target on Green Dot from $67.00 to $73.00 and gave the stock a “$81.43” rating in a research note on Thursday, July 19th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $83.00.
About Green Dot
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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