GreenSky (NASDAQ:GSKY) had its price objective decreased by research analysts at Raymond James from $26.00 to $23.00 in a report released on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 147.84% from the stock’s previous close.
A number of other analysts have also weighed in on GSKY. Compass Point reiterated a “hold” rating and issued a $22.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of GreenSky from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, October 9th. SunTrust Banks reiterated a “buy” rating and issued a $30.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Citigroup dropped their price target on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Finally, Sandler O’Neill restated a “hold” rating and set a $20.00 price target on shares of GreenSky in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. GreenSky currently has a consensus rating of “Buy” and an average price target of $26.23.
NASDAQ:GSKY opened at $9.28 on Monday. GreenSky has a 1-year low of $8.55 and a 1-year high of $27.01.
GreenSky (NASDAQ:GSKY) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company’s quarterly revenue was up 29.0% compared to the same quarter last year. Equities research analysts expect that GreenSky will post 0.65 EPS for the current year.
In other news, Director Nigel W. Morris purchased 62,500 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $15.69 per share, for a total transaction of $980,625.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. purchased a new position in GreenSky during the second quarter valued at $118,000. Mycio Wealth Partners LLC purchased a new position in GreenSky during the third quarter valued at $180,000. EJF Capital LLC purchased a new position in GreenSky during the second quarter valued at $212,000. California Public Employees Retirement System purchased a new position in GreenSky during the second quarter valued at $212,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in GreenSky during the second quarter valued at $229,000. 31.30% of the stock is currently 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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