GreenSky Inc (NASDAQ:GSKY) insider Dennis I. Kelly bought 27,000 shares of GreenSky stock in a transaction on Thursday, November 8th. The shares were acquired at an average cost of $9.06 per share, for a total transaction of $244,620.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of GreenSky stock traded up $0.30 during trading on Friday, reaching $9.71. 4,047,803 shares of the company traded hands, compared to its average volume of 1,678,586. GreenSky Inc has a 1-year low of $8.55 and a 1-year high of $27.01.
GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $113.91 million for the quarter, compared to analyst estimates of $121.28 million. The company’s revenue was up 29.0% on a year-over-year basis. On average, equities research analysts expect that GreenSky Inc will post 0.65 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in GSKY. Waddell & Reed Financial Inc. acquired a new position in shares of GreenSky during the 2nd quarter valued at $40,116,000. Federated Investors Inc. PA acquired a new position in shares of GreenSky during the 2nd quarter valued at $34,363,000. Millennium Management LLC acquired a new position in shares of GreenSky during the 2nd quarter valued at $27,892,000. BlackRock Inc. acquired a new position in shares of GreenSky during the 2nd quarter valued at $27,650,000. Finally, TPG Group Holdings SBS Advisors Inc. acquired a new position in shares of GreenSky during the 2nd quarter valued at $26,606,000. Institutional investors own 31.30% of the company’s stock.
GSKY has been the topic of a number of research reports. SunTrust Banks reissued a “buy” rating and set a $30.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Raymond James reduced their target price on shares of GreenSky from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Monday. Citigroup reduced their target price on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 8th. BTIG Research lowered shares of GreenSky from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Tuesday. Finally, Zacks Investment Research lowered shares of GreenSky from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $20.62.
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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