Zurcher Kantonalbank Zurich Cantonalbank Purchases New Stake in GreenSky Inc (NASDAQ:GSKY)

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of GreenSky Inc (NASDAQ:GSKY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,213 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GSKY. BNP Paribas Arbitrage SA boosted its holdings in 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. Sterling Investment Advisors Ltd. grew its holdings in GreenSky by 100.0% in the first quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares during the period. Cowen Prime Services LLC grew its holdings in GreenSky by 100.0% in the first quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in GreenSky in the first quarter worth $83,000. Finally, Quantamental Technologies LLC acquired a new stake in GreenSky in the first quarter worth $85,000. Institutional investors own 37.72% of the company’s stock.

Shares of GSKY traded up $0.02 during trading hours on Thursday, reaching $7.27. 15,681 shares of the company traded hands, compared to its average volume of 2,293,265. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 103.43, a PEG ratio of 0.48 and a beta of 1.92. GreenSky Inc has a 12-month low of $5.74 and a 12-month high of $21.70. The stock’s fifty day moving average price is $10.29 and its 200 day moving average price is $12.00.

GreenSky (NASDAQ:GSKY) last issued its earnings results on Tuesday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.18 earnings per share. On average, equities analysts expect that GreenSky Inc will post 0.57 earnings per share for the current year.

A number of analysts recently weighed in on GSKY shares. Sandler O’Neill lowered shares of GreenSky from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $7.00 in a report on Tuesday, August 6th. Citigroup lowered shares of GreenSky from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.50 to $7.50 in a research note on Wednesday, August 7th. Guggenheim lowered shares of GreenSky from a “buy” rating to a “neutral” rating and boosted their target price for the company from $13.75 to $13.76 in a research note on Wednesday, May 8th. Zacks Investment Research lowered shares of GreenSky from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price 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. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.66.

About GreenSky

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 Story: Day Trading – Risk Worth the Reward?

Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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.