Green Dot (NYSE:GDOT) posted its earnings results on Sunday. The financial services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.13, MarketWatch Earnings reports. Green Dot had a return on equity of 7.73% and a net margin of 4.01%. The company had revenue of $284.28 million for the quarter, compared to analyst estimates of $257.32 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year.
NYSE GDOT traded down $5.01 during trading on Tuesday, reaching $47.62. 36,724 shares of the company traded hands, compared to its average volume of 584,739. The stock’s 50 day moving average price is $54.77 and its two-hundred day moving average price is $54.78. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 52.36 and a beta of 0.95. Green Dot has a 1-year low of $14.20 and a 1-year high of $64.97.
A number of research firms have recently commented on GDOT. Deutsche Bank Aktiengesellschaft lifted their price objective on Green Dot from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, November 5th. Needham & Company LLC dropped their price objective on Green Dot from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, February 15th. Finally, Northland Securities lowered Green Dot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 14th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Green Dot has a consensus rating of “Buy” and a consensus target price of $55.08.
In other Green Dot news, insider Jason Bibelheimer sold 951 shares of Green Dot stock in a transaction that occurred on Wednesday, December 16th. The stock was sold at an average price of $56.19, for a total transaction of $53,436.69. Following the sale, the insider now directly owns 74,870 shares of the company’s stock, valued at $4,206,945.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Osher sold 687,495 shares of Green Dot stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $51.95, for a total value of $35,715,365.25. Following the sale, the director now directly owns 4,184 shares in the company, valued at $217,358.80. The disclosure for this sale can be found here. Insiders have sold 858,669 shares of company stock worth $45,930,677 over the last ninety days. Company insiders own 4.80% of the company’s stock.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, payroll debit cards, and other financial services.
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