GreenSky Inc (NASDAQ:GSKY) reached a new 52-week low during mid-day trading on Tuesday after BTIG Research downgraded the stock from a buy rating to a neutral rating. BTIG Research now has a $23.00 price target on the stock. GreenSky traded as low as $8.55 and last traded at $9.49, with a volume of 27271351 shares trading hands. The stock had previously closed at $14.66.
A number of other equities research analysts have also recently issued reports on GSKY. Compass Point reiterated a “hold” rating and issued a $22.00 target price on shares of GreenSky in a research note on Wednesday, August 8th. Raymond James cut their target price on GreenSky from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday. Zacks Investment Research upgraded GreenSky from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, October 9th. SunTrust Banks restated a “buy” rating and set a $30.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Finally, Citigroup cut their price objective on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. GreenSky currently has an average rating of “Buy” and a consensus target price of $26.23.
In related news, Director Nigel W. Morris acquired 62,500 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $15.69 per share, for a total transaction of $980,625.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new position in GreenSky during the 2nd quarter valued at about $118,000. Mycio Wealth Partners LLC acquired a new stake in GreenSky in the 3rd quarter worth approximately $180,000. EJF Capital LLC acquired a new stake in GreenSky in the 2nd quarter worth approximately $212,000. California Public Employees Retirement System acquired a new stake in GreenSky in the 2nd quarter worth approximately $212,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in GreenSky in the 2nd quarter worth approximately $229,000. Institutional investors and hedge funds own 31.30% of the company’s stock.
GreenSky (NASDAQ:GSKY) last posted its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $121.28 million. The business’s quarterly revenue was up 29.0% on a year-over-year basis. Equities analysts expect that GreenSky Inc will post 0.65 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “GreenSky (GSKY) Hits New 52-Week Low After Analyst Downgrade” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/11/06/greensky-gsky-hits-new-52-week-low-after-analyst-downgrade.html.
GreenSky Company Profile (NASDAQ:GSKY)
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.
Featured Article: Find a Trading Strategy That Works
Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.