Green Dot Co. (NYSE:GDOT – Get Free Report) insider Topline Capital Management, Ll bought 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at $74,882,820.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Green Dot Price Performance
Shares of NYSE GDOT opened at $10.68 on Friday. Green Dot Co. has a one year low of $7.30 and a one year high of $13.54. The business’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $9.84. The company has a market capitalization of $568.02 million, a P/E ratio of -22.71 and a beta of 0.92.
Green Dot (NYSE:GDOT – Get Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm had revenue of $407.10 million during the quarter, compared to analysts’ expectations of $381.87 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Green Dot Co. will post 1 EPS for the current year.
Institutional Trading of Green Dot
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on GDOT shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research report on Monday, July 22nd. Barclays lifted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Green Dot has an average rating of “Hold” and a consensus target price of $11.50.
Get 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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