GreenSky (GSKY) Lowered to Neutral at BTIG Research

BTIG Research downgraded shares of GreenSky (NASDAQ:GSKY) from a buy rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have $23.00 target price on the stock.

A number of other equities research analysts also recently issued reports on GSKY. Compass Point restated a hold rating and issued a $22.00 target price on shares of GreenSky in a report on Wednesday, August 8th. SunTrust Banks restated a buy rating and issued a $30.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Sandler O’Neill restated a hold rating and issued a $20.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Citigroup lowered their target price on shares of GreenSky from $28.00 to $26.00 and set a buy rating for the company in a report on Wednesday, August 8th. Finally, Credit Suisse Group lowered their target price on shares of GreenSky from $29.00 to $28.00 and set an outperform rating for the company in a report on Wednesday, August 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. GreenSky presently has a consensus rating of Buy and a consensus price target of $20.62.

GreenSky stock traded up $0.30 during trading on Tuesday, reaching $9.71. The company had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky has a 12-month low of $8.55 and a 12-month high of $27.01.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $113.91 million during the quarter, compared to analysts’ expectations of $121.28 million. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, research analysts predict that GreenSky will post 0.59 earnings per share for the current year.

In other GreenSky news, insider Dennis I. Kelly purchased 27,000 shares of GreenSky stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $9.06 per share, with a total value of $244,620.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in GreenSky during the second quarter valued at approximately $118,000. Mycio Wealth Partners LLC acquired a new position in GreenSky during the third quarter valued at approximately $180,000. EJF Capital LLC acquired a new position in GreenSky during the second quarter valued at approximately $212,000. California Public Employees Retirement System acquired a new position in GreenSky during the second quarter valued at approximately $212,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in GreenSky during the second quarter valued at approximately $229,000. 31.30% of the stock is currently owned by hedge funds and other institutional investors.

GreenSky Company Profile

GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.

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Analyst Recommendations for GreenSky (NASDAQ:GSKY)

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