Insider Selling: Green Dot Co. (GDOT) CFO Sells 10,000 Shares of Stock

Green Dot Co. (NYSE:GDOT) CFO Mark L. Shifke sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $75.12, for a total transaction of $751,200.00. Following the completion of the sale, the chief financial officer now owns 637,698 shares of the company’s stock, valued at approximately $47,903,873.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:GDOT traded down $6.91 on Friday, reaching $85.93. 779,515 shares of the company’s stock were exchanged, compared to its average volume of 440,837. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 37.56 and a beta of 1.06. Green Dot Co. has a fifty-two week low of $54.08 and a fifty-two week high of $93.00. 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 (NYSE:GDOT) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.25 by $0.13. The business had revenue of $230.58 million during the quarter, compared to analyst estimates of $223.95 million. Green Dot had a net margin of 11.47% and a return on equity of 15.10%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Sell-side analysts expect that Green Dot Co. will post 2.4 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. bought a new position in Green Dot in the 2nd quarter valued at about $101,000. Bank of Montreal Can acquired a new stake in Green Dot in the 2nd quarter valued at about $165,000. Harvest Fund Management Co. Ltd acquired a new stake in Green Dot in the 3rd quarter valued at about $165,000. Everence Capital Management Inc. acquired a new stake in Green Dot in the 2nd quarter valued at about $228,000. Finally, Navellier & Associates Inc acquired a new stake in Green Dot in the 1st quarter valued at about $238,000. Hedge funds and other institutional investors own 84.62% of the company’s stock.

A number of equities analysts have issued reports on GDOT shares. Morgan Stanley lifted their target price on shares of Green Dot from $67.00 to $73.00 and gave the stock a “$81.43” rating in a research report on Thursday, July 19th. Guggenheim reiterated a “buy” rating and set a $88.00 price target on shares of Green Dot in a report on Thursday, August 9th. Loop Capital lifted their price target on shares of Green Dot to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Jefferies Financial Group lifted their price target on shares of Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Citigroup lifted their price target on shares of Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Green Dot currently has a consensus rating of “Buy” and an average price target of $89.82.

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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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Insider Buying and Selling by Quarter for Green Dot (NYSE:GDOT)

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