Fmr LLC Takes Position in GreenSky Inc (GSKY)

Fmr LLC purchased a new position in GreenSky Inc (NASDAQ:GSKY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 495,405 shares of the company’s stock, valued at approximately $10,477,000. Fmr LLC owned 0.27% of GreenSky at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Sei Investments Co. bought a new position in shares of GreenSky in the second quarter valued at $118,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of GreenSky in the second quarter valued at $229,000. CIBC Private Wealth Group LLC bought a new position in shares of GreenSky in the second quarter valued at $235,000. Legal & General Group Plc bought a new position in shares of GreenSky in the second quarter valued at $235,000. Finally, Spark Investment Management LLC bought a new position in shares of GreenSky in the second quarter valued at $503,000. Institutional investors and hedge funds own 30.98% of the company’s stock.

GreenSky stock opened at $16.53 on Monday. The company has a debt-to-equity ratio of -8.35, a current ratio of 31.97 and a quick ratio of 31.97. GreenSky Inc has a 1-year low of $14.49 and a 1-year high of $27.01.

GreenSky (NASDAQ:GSKY) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $105.70 million for the quarter, compared to the consensus estimate of $105.57 million. Research analysts predict that GreenSky Inc will post 0.65 earnings per share for the current fiscal 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 cost of $15.69 per share, with a total value of $980,625.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

A number of research analysts have weighed in on GSKY shares. Compass Point reaffirmed a “hold” rating and issued a $22.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Raymond James started coverage on shares of GreenSky in a research note on Monday, June 18th. They issued an “outperform” rating on the stock. Citigroup dropped 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. JPMorgan Chase & Co. started coverage on shares of GreenSky in a research note on Monday, June 18th. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, Credit Suisse Group started coverage on shares of GreenSky in a research note on Monday, June 18th. They issued an “outperform” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. GreenSky presently has an average rating of “Buy” and a consensus price target of $27.60.

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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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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