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

Green Dot Co. (NYSE:GDOTGet Rating) Director William I. Jacobs sold 500 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $27.11, for a total transaction of $13,555.00. Following the transaction, the director now directly owns 63,115 shares of the company’s stock, valued at $1,711,047.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSE:GDOT opened at $28.75 on Thursday. The business has a fifty day moving average of $27.26 and a 200-day moving average of $32.22. Green Dot Co. has a twelve month low of $23.09 and a twelve month high of $54.90. The firm has a market cap of $1.56 billion, a PE ratio of 26.38 and a beta of 0.91.

Green Dot (NYSE:GDOTGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.21. Green Dot had a net margin of 4.19% and a return on equity of 9.15%. The firm had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $390.87 million. During the same quarter last year, the company posted $0.60 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Green Dot Co. will post 1.58 EPS for the current fiscal year.

A number of brokerages have commented on GDOT. BTIG Research cut their price target on shares of Green Dot from $72.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Northland Securities cut their target price on Green Dot from $42.00 to $38.00 in a research report on Wednesday, February 16th. Barclays cut their price objective on Green Dot from $55.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 28th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a report on Friday, February 25th. Finally, Needham & Company LLC cut their price target on shares of Green Dot from $63.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.63.

Several institutional investors have recently modified their holdings of the stock. Connors Investor Services Inc. lifted its holdings in Green Dot by 4.4% during the 1st quarter. Connors Investor Services Inc. now owns 92,385 shares of the financial services provider’s stock worth $2,539,000 after buying an additional 3,859 shares in the last quarter. Quantbot Technologies LP increased its position in Green Dot by 42.4% in the first quarter. Quantbot Technologies LP now owns 17,399 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 5,182 shares during the period. Royal Bank of Canada raised its holdings in Green Dot by 50.8% during the 1st quarter. Royal Bank of Canada now owns 49,710 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 16,749 shares during the last quarter. 13D Management LLC raised its holdings in Green Dot by 69.7% during the 1st quarter. 13D Management LLC now owns 292,236 shares of the financial services provider’s stock worth $8,031,000 after purchasing an additional 120,020 shares during the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Green Dot by 9.3% in the 1st quarter. PDT Partners LLC now owns 88,687 shares of the financial services provider’s stock valued at $2,437,000 after purchasing an additional 7,559 shares during the last quarter. 92.02% of the stock is owned by institutional investors and hedge funds.

Green Dot Company Profile (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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