GreenSky Inc (NASDAQ:GSKY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of GreenSky Inc (NASDAQ:GSKY) have received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.13.

GSKY has been the topic of several recent analyst reports. Zacks Investment Research raised GreenSky from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup increased their price objective on GreenSky from $7.25 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd.

Shares of GreenSky stock traded up $0.04 during trading on Friday, hitting $8.98. 328,864 shares of the company’s stock traded hands, compared to its average volume of 493,176. GreenSky has a 1 year low of $5.74 and a 1 year high of $16.42. The stock has a market capitalization of $1.62 billion, a P/E ratio of 15.48, a PEG ratio of 1.07 and a beta of 2.26. The business has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $7.89.

A number of large investors have recently made changes to their positions in GSKY. UBS Asset Management Americas Inc. increased its position in GreenSky by 66.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 60,778 shares of the company’s stock valued at $541,000 after buying an additional 24,298 shares in the last quarter. UBS Oconnor LLC grew its stake in GreenSky by 42.0% during the 4th quarter. UBS Oconnor LLC now owns 2,623,547 shares of the company’s stock valued at $23,350,000 after purchasing an additional 776,464 shares during the last quarter. Credit Suisse AG grew its stake in GreenSky by 36.8% during the 4th quarter. Credit Suisse AG now owns 26,582 shares of the company’s stock valued at $237,000 after purchasing an additional 7,154 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in GreenSky during the 4th quarter valued at about $29,000. Finally, Islay Capital Management LLC purchased a new stake in GreenSky during the 4th quarter valued at about $60,000. 39.40% of the stock is currently owned by institutional investors and hedge funds.

About GreenSky

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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Analyst Recommendations for GreenSky (NASDAQ:GSKY)

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