JPMorgan Chase & Co. decreased its position in GreenSky Inc (NASDAQ:GSKY) by 68.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,055 shares of the company’s stock after selling 77,510 shares during the quarter. JPMorgan Chase & Co.’s holdings in GreenSky were worth $649,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Sei Investments Co. acquired a new stake in GreenSky in the second quarter valued at approximately $118,000. California Public Employees Retirement System acquired a new stake in GreenSky in the second quarter valued at approximately $212,000. Mycio Wealth Partners LLC acquired a new stake in GreenSky in the third quarter valued at approximately $180,000. Legal & General Group Plc acquired a new stake in shares of GreenSky during the second quarter worth approximately $235,000. Finally, Verition Fund Management LLC acquired a new stake in shares of GreenSky during the second quarter worth approximately $342,000. 35.19% of the stock is owned by institutional investors.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of GreenSky from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. BTIG Research assumed coverage on shares of GreenSky in a research report on Thursday, October 11th. They set a “buy” rating and a $23.00 price target for the company. Raymond James decreased their price target on shares of GreenSky from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Sandler O’Neill raised shares of GreenSky from a “hold” rating to a “buy” rating in a research report on Monday, December 10th. Finally, Compass Point downgraded shares of GreenSky from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $22.00 to $11.00 in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. GreenSky has a consensus rating of “Buy” and an average price target of $20.62.
GSKY stock opened at $10.07 on Wednesday. GreenSky Inc has a twelve month low of $8.30 and a twelve month high of $27.01.
GreenSky (NASDAQ:GSKY) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 29.0% compared to the same quarter last year. On average, analysts forecast that GreenSky Inc will post 0.57 earnings per share for the current fiscal year.
In other GreenSky news, insider Dennis I. Kelly acquired 27,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was purchased at an average price of $9.06 per share, with a total value of $244,620.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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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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