Green Dot Co. (NYSE:GDOT – Get Free Report) major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, for a total transaction of $1,925,824.41. Following the completion of the transaction, the insider now directly owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Green Dot Price Performance
NYSE GDOT traded down $0.69 on Tuesday, hitting $11.02. 304,290 shares of the company were exchanged, compared to its average volume of 571,138. Green Dot Co. has a twelve month low of $7.30 and a twelve month high of $14.05. The company’s 50 day moving average price is $10.74 and its 200-day moving average price is $9.82. The firm has a market capitalization of $586.37 million, a P/E ratio of -23.45 and a beta of 0.91.
Green Dot (NYSE:GDOT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. As a group, equities analysts expect that Green Dot Co. will post 1 EPS for the current year.
Institutional Investors Weigh In On Green Dot
Analyst Ratings Changes
GDOT has been the subject of a number of research reports. Barclays increased their price target on Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Green Dot has a consensus rating of “Hold” and an average target price of $11.50.
Read Our Latest Report on Green Dot
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.
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