GreenSky (NASDAQ:GSKY) Stock Price Down 6.1%

Shares of GreenSky Inc (NASDAQ:GSKY) traded down 6.1% during mid-day trading on Friday . The company traded as low as $7.07 and last traded at $7.27, 1,750,500 shares changed hands during trading. An increase of 48% from the average session volume of 1,184,985 shares. The stock had previously closed at $7.74.

A number of equities analysts have issued reports on the company. Raymond James downgraded GreenSky from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Compass Point set a $7.00 price target on GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Sandler O’Neill downgraded GreenSky from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $7.00 in a research report on Tuesday, August 6th. Zacks Investment Research downgraded GreenSky from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, SunTrust Banks set a $7.00 price target on GreenSky and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. GreenSky has an average rating of “Hold” and a consensus price target of $9.54.

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 103.86, a PEG ratio of 1.08 and a beta of 2.21. The business has a fifty day simple moving average of $7.26 and a 200 day simple moving average of $9.74.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $153.42 million during the quarter, compared to analyst estimates of $143.68 million. GreenSky had a negative return on equity of 88.69% and a net margin of 7.25%. GreenSky’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, equities research analysts anticipate that GreenSky Inc will post 0.55 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in GSKY. Dragoneer Investment Group LLC boosted its holdings in GreenSky by 58.4% in the second quarter. Dragoneer Investment Group LLC now owns 14,284,245 shares of the company’s stock valued at $175,553,000 after purchasing an additional 5,266,904 shares during the period. Bank of New York Mellon Corp boosted its holdings in GreenSky by 1,418.3% in the second quarter. Bank of New York Mellon Corp now owns 2,018,142 shares of the company’s stock valued at $24,802,000 after purchasing an additional 1,885,223 shares during the period. Bloom Tree Partners LLC purchased a new position in GreenSky in the second quarter valued at $11,676,000. Schroder Investment Management Group purchased a new position in GreenSky in the second quarter valued at $9,838,000. Finally, Point72 Asset Management L.P. boosted its holdings in GreenSky by 233.4% in the second quarter. Point72 Asset Management L.P. now owns 820,900 shares of the company’s stock valued at $10,089,000 after purchasing an additional 574,654 shares during the period. Hedge funds and other institutional investors own 40.44% of the company’s stock.

About GreenSky (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.

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