Investment Analysts’ Recent Ratings Changes for GreenSky (GSKY)

GreenSky (NASDAQ: GSKY) has recently received a number of price target changes and ratings updates:

  • 8/10/2019 – GreenSky was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “GreenSky Inc. operates as a technology company. It offers proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting and real-time allocation. The company’s proprietary technology powered platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. GreenSky Inc. is headquartered in Atlanta, Georgia. “
  • 8/8/2019 – GreenSky was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 8/7/2019 – GreenSky was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $7.50 price target on the stock, down previously from $16.50.
  • 8/7/2019 – GreenSky was given a new $7.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 8/7/2019 – GreenSky was given a new $7.00 price target on by analysts at Compass Point. They now have a “hold” rating on the stock.
  • 8/6/2019 – GreenSky was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating. They now have a $7.00 price target on the stock, down previously from $14.00.
  • 7/10/2019 – GreenSky was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “GreenSky Inc. operates as a technology company. It offers proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting and real-time allocation. The company’s proprietary technology powered platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. GreenSky Inc. is headquartered in Atlanta, Georgia. “
  • 7/1/2019 – GreenSky was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating. They now have a $11.00 price target on the stock, down previously from $15.00.

GreenSky stock traded down $0.33 on Friday, reaching $6.98. 699,850 shares of the stock were exchanged, compared to its average volume of 2,363,776. The stock has a market cap of $1.31 billion, a PE ratio of 99.64, a PEG ratio of 0.48 and a beta of 1.92. GreenSky Inc has a twelve month low of $5.74 and a twelve month high of $21.70. The firm has a fifty day moving average price of $10.21 and a two-hundred day moving average price of $11.98.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.31. The firm had revenue of $138.70 million during the quarter, compared to analyst estimates of $140.76 million. GreenSky had a net margin of 7.28% and a negative return on equity of 93.12%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts anticipate that GreenSky Inc will post 0.57 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in GSKY. Dragoneer Investment Group LLC raised its position in shares of GreenSky by 58.4% during the second quarter. Dragoneer Investment Group LLC now owns 14,284,245 shares of the company’s stock valued at $175,553,000 after buying an additional 5,266,904 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of GreenSky by 1,418.3% during the second quarter. Bank of New York Mellon Corp now owns 2,018,142 shares of the company’s stock valued at $24,802,000 after buying an additional 1,885,223 shares during the last quarter. Bloom Tree Partners LLC acquired a new position in shares of GreenSky during the second quarter valued at about $11,676,000. Schroder Investment Management Group acquired a new position in shares of GreenSky during the second quarter valued at about $9,838,000. Finally, Marshall Wace LLP raised its position in shares of GreenSky by 155.2% during the first quarter. Marshall Wace LLP now owns 1,088,923 shares of the company’s stock valued at $14,091,000 after buying an additional 662,260 shares during the last quarter. 37.72% of the stock is owned by institutional investors and hedge funds.

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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