GreenSky (NASDAQ:GSKY) issued its earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01, MarketWatch Earnings reports. The firm 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% on a year-over-year basis.
Shares of GSKY stock opened at $9.36 on Wednesday. GreenSky has a 12-month low of $8.55 and a 12-month high of $27.01.
In related news, Director Nigel W. Morris acquired 62,500 shares of the business’s stock in a transaction on Friday, August 10th. The stock was purchased at an average cost of $15.69 per share, for a total transaction of $980,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several equities research analysts recently issued reports on GSKY shares. 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. SunTrust Banks reiterated a “buy” rating and issued a $30.00 target price on shares of GreenSky in a research note on Wednesday, August 8th. Sandler O’Neill restated a “hold” rating and set a $20.00 price objective on shares of GreenSky in a research report on Wednesday, August 8th. Citigroup cut their price objective on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Finally, Credit Suisse Group cut their price objective on shares of GreenSky from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $23.46.
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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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