Gregg Steven Freishtat Sells 12,000 Shares of GreenSky Inc (NASDAQ:GSKY) Stock

GreenSky Inc (NASDAQ:GSKY) Director Gregg Steven Freishtat sold 12,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $16.02, for a total transaction of $192,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gregg Steven Freishtat also recently made the following trade(s):

  • On Wednesday, May 1st, Gregg Steven Freishtat sold 3,000 shares of GreenSky stock. The shares were sold at an average price of $16.06, for a total transaction of $48,180.00.

Shares of GSKY traded up $0.12 during midday trading on Friday, reaching $11.34. The stock had a trading volume of 3,143,719 shares, compared to its average volume of 1,236,056. GreenSky Inc has a one year low of $8.30 and a one year high of $27.01. The company has a market cap of $2.05 billion and a PE ratio of 162.00.

GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.08. GreenSky had a net margin of 6.27% and a negative return on equity of 161.85%. The company had revenue of $103.70 million during the quarter, compared to the consensus estimate of $103.46 million. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, analysts expect that GreenSky Inc will post 0.72 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in GSKY. BlackRock Inc. raised its holdings in shares of GreenSky by 46.4% in the third quarter. BlackRock Inc. now owns 1,914,545 shares of the company’s stock valued at $34,463,000 after purchasing an additional 607,173 shares during the last quarter. Jane Street Group LLC purchased a new stake in GreenSky during the third quarter worth about $493,000. The Manufacturers Life Insurance Company purchased a new stake in GreenSky during the third quarter worth about $6,174,000. Morgan Stanley increased its holdings in GreenSky by 84.2% during the third quarter. Morgan Stanley now owns 105,807 shares of the company’s stock worth $1,905,000 after buying an additional 48,369 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in GreenSky by 29.2% during the third quarter. Vanguard Group Inc. now owns 3,424,121 shares of the company’s stock worth $61,634,000 after buying an additional 773,774 shares during the last quarter. 32.60% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on GSKY shares. SunTrust Banks lifted their price target on shares of GreenSky to $14.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of GreenSky from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Guggenheim lowered shares of GreenSky from a “buy” rating to a “neutral” rating and lifted their price target for the company from $13.75 to $13.76 in a research note on Wednesday, May 8th. Finally, Citigroup lifted their price target on shares of GreenSky from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.87.

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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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