GreenSky (NASDAQ:GSKY) had its target price reduced by SunTrust Banks to $11.00 in a report published on Wednesday morning, The Fly reports. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for GreenSky’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.57 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.42 EPS and FY2020 earnings at $0.64 EPS.
Several other research analysts have also weighed in on GSKY. BTIG Research lowered shares of GreenSky from a buy rating to a neutral rating and set a $23.00 price objective on the stock. in a research note on Tuesday. Compass Point restated a hold rating and set a $22.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Goldman Sachs Group lowered shares of GreenSky from a buy rating to a neutral rating and lowered their price objective for the stock from $31.00 to $11.00 in a research note on Wednesday. Raymond James lowered their price objective on shares of GreenSky from $26.00 to $23.00 and set an outperform rating on the stock in a research note on Monday, November 5th. Finally, Zacks Investment Research upgraded shares of GreenSky from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 9th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. GreenSky currently has an average rating of Buy and a consensus price target of $20.62.
GSKY stock traded up $0.30 during midday trading on Wednesday, hitting $9.71. The company’s stock had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky has a twelve month low of $8.55 and a twelve month high of $27.01.
GreenSky (NASDAQ:GSKY) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $113.91 million during the quarter, compared to analyst estimates of $121.28 million. The company’s quarterly revenue was up 29.0% on a year-over-year basis. Research analysts expect that GreenSky will post 0.59 EPS for the current year.
In related news, insider Dennis I. Kelly purchased 27,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $9.06 per share, for a total transaction of $244,620.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in GreenSky in the 2nd quarter valued at about $118,000. California Public Employees Retirement System acquired a new position in GreenSky in the 2nd quarter valued at about $212,000. EJF Capital LLC acquired a new position in GreenSky in the 2nd quarter valued at about $212,000. Mycio Wealth Partners LLC acquired a new position in GreenSky in the 3rd quarter valued at about $180,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in GreenSky in the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 31.30% of the company’s stock.
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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