GreenSky (NASDAQ:GSKY) had its target price decreased by SunTrust Banks to $11.00 in a report released on Wednesday morning, The Fly reports. SunTrust Banks currently has a buy rating on the stock. SunTrust Banks also issued estimates for GreenSky’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.57 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.14 EPS, Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.42 EPS and FY2020 earnings at $0.64 EPS.
GSKY has been the topic of a number of other reports. Raymond James reduced their price objective on shares of GreenSky from $26.00 to $23.00 and set an outperform rating on the stock in a research note on Monday, November 5th. Citigroup reduced 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. BTIG Research cut shares of GreenSky from a buy rating to a neutral rating and set a $23.00 price objective on the stock. in a research note on Tuesday. Goldman Sachs Group cut shares of GreenSky from a buy rating to a neutral rating and reduced their price objective for the company from $31.00 to $11.00 in a research note on Wednesday. Finally, Zacks Investment Research cut shares of GreenSky from a buy rating to a hold rating in a research note on Thursday, October 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $20.62.
GSKY stock traded up $0.30 during midday trading on Wednesday, reaching $9.71. The company’s stock had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky has a 52 week low of $8.55 and a 52 week high of $27.01.
In other news, insider Dennis I. Kelly purchased 27,000 shares of GreenSky stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $9.06 per share, with a total value of $244,620.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of GreenSky by 46.4% during the third quarter. BlackRock Inc. now owns 1,914,545 shares of the company’s stock worth $34,463,000 after purchasing an additional 607,173 shares in the last quarter. Wells Fargo & Company MN lifted its position in GreenSky by 124.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,904,289 shares of the company’s stock valued at $34,278,000 after acquiring an additional 1,057,371 shares in the last quarter. Waddell & Reed Financial Inc. bought a new stake in GreenSky in the 2nd quarter valued at $40,116,000. Federated Investors Inc. PA bought a new stake in GreenSky in the 2nd quarter valued at $34,363,000. Finally, Millennium Management LLC bought a new stake in GreenSky in the 2nd quarter valued at $27,892,000. 31.30% of the stock is currently owned by institutional investors.
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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