GreenSky Inc (NASDAQ:GSKY) Receives Average Rating of “Hold” from Brokerages

Shares of GreenSky Inc (NASDAQ:GSKY) have earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.73.

Several research analysts have weighed in on GSKY shares. Citigroup upped their price objective on shares of GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, April 17th. SunTrust Banks upped their price objective on shares of GreenSky to $14.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Guggenheim downgraded shares of GreenSky from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $13.75 to $13.76 in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of GreenSky from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th.

GreenSky stock opened at $12.29 on Friday. The company’s fifty day moving average is $12.04. GreenSky has a 12-month low of $8.30 and a 12-month high of $22.67. The firm has a market cap of $2.23 billion and a P/E ratio of 175.57.

GreenSky (NASDAQ:GSKY) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. GreenSky had a net margin of 6.27% and a negative return on equity of 120.94%. The firm had revenue of $103.70 million for the quarter, compared to the consensus estimate of $103.46 million. The business’s revenue was up 21.6% on a year-over-year basis. As a group, analysts predict that GreenSky will post 0.75 EPS for the current year.

In other news, Director Gregg Steven Freishtat sold 12,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $16.02, for a total value of $192,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 54.81% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of GreenSky by 81.4% in the first quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock valued at $25,000 after purchasing an additional 872 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of GreenSky by 140.1% in the fourth quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after purchasing an additional 2,011 shares during the last quarter. Cowen Prime Services LLC grew its position in GreenSky by 100.0% during the first quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares during the period. Sterling Investment Advisors Ltd. grew its position in GreenSky by 100.0% during the first quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares during the period. Finally, Royce & Associates LP bought a new position in GreenSky during the fourth quarter valued at about $55,000. Institutional investors own 32.41% 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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Analyst Recommendations for GreenSky (NASDAQ:GSKY)

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