Green Dot Co. (NYSE:GDOT) Director William I. Jacobs Sells 500 Shares

Green Dot Co. (NYSE:GDOT – Get Rating) Director William I. Jacobs sold 500 shares of the company’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $27.19, for a total value of $13,595.00. Following the sale, the director now owns 63,615 shares in the company, valued at approximately $1,729,691.85. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of GDOT traded down $0.33 during trading hours on Wednesday, reaching $28.46. 268,919 shares of the company traded hands, compared to its average volume of 587,679. The stock has a market capitalization of $1.56 billion, a P/E ratio of 33.48 and a beta of 0.95. Green Dot Co. has a 12-month low of $23.09 and a 12-month high of $54.90. The business has a fifty day moving average price of $28.20 and a 200-day moving average price of $34.73.

Green Dot (NYSE:GDOT – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08). Green Dot had a return on equity of 7.79% and a net margin of 3.31%. The firm had revenue of $330.84 million during the quarter, compared to analyst estimates of $309.35 million. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue was up 16.4% on a year-over-year basis. On average, analysts anticipate that Green Dot Co. will post 1.43 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Green Dot by 655.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,001,349 shares of the financial services provider’s stock worth $36,289,000 after buying an additional 868,799 shares in the last quarter. Contour Asset Management LLC boosted its holdings in Green Dot by 37.0% during the fourth quarter. Contour Asset Management LLC now owns 2,023,561 shares of the financial services provider’s stock worth $73,334,000 after buying an additional 546,381 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in Green Dot during the third quarter worth about $24,967,000. Norges Bank acquired a new position in Green Dot during the fourth quarter worth about $17,888,000. Finally, Frontier Capital Management Co. LLC increased its position in shares of Green Dot by 206.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 483,402 shares of the financial services provider’s stock worth $17,518,000 after acquiring an additional 325,641 shares in the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Green Dot from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research note on Monday, January 10th. Northland Securities reduced their price objective on Green Dot from $42.00 to $38.00 in a report on Wednesday, February 16th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a report on Friday, February 25th. Barclays lowered their price target on Green Dot from $55.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 28th. Finally, StockNews.com assumed coverage on Green Dot in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Green Dot currently has an average rating of “Hold” and an average price target of $45.22.

About Green Dot (Get Rating)

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates through Consumer Services, Business to Business Services, and Money Movement Services segments. The company offers deposit account programs, such network-branded reloadable prepaid debit cards, network-branded gift cards, and secured credit cards.

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