BTIG Research cut shares of GreenSky (NASDAQ:GSKY) from a buy rating to a neutral rating in a report published on Tuesday, Marketbeat.com reports. The brokerage currently has $23.00 target price on the stock.

Several other analysts have also recently issued reports on the stock. Cowen raised shares of GreenSky from a neutral rating to a buy rating in a report on Thursday, August 16th. Compass Point raised shares of GreenSky from a neutral rating to a buy rating and set a $27.00 price target on the stock in a report on Thursday, August 16th. They noted that the move was a valuation call. Credit Suisse Group cut their price target on shares of GreenSky from $29.00 to $28.00 and set an outperform rating on the stock in a report on Wednesday, August 8th. Zacks Investment Research cut shares of GreenSky from a buy rating to a hold rating in a report on Thursday, October 4th. Finally, Sandler O’Neill reaffirmed a hold rating and issued a $20.00 price target on shares of GreenSky in a report on Wednesday, August 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. GreenSky presently has a consensus rating of Buy and an average price target of $20.62.

GSKY traded up $0.30 during trading on Tuesday, hitting $9.71. The company had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky has a 1-year low of $8.55 and a 1-year high of $27.01.

GreenSky (NASDAQ:GSKY) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $121.28 million. The firm’s revenue was up 29.0% compared to the same quarter last year. As a group, equities research analysts anticipate that GreenSky will post 0.59 EPS for the current fiscal year.

In other GreenSky news, insider Dennis I. Kelly bought 27,000 shares of the stock in a transaction on Thursday, November 8th. The stock was purchased at an average price 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 is available through this hyperlink.

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. bought a new stake in GreenSky during the second quarter valued at $118,000. EJF Capital LLC bought a new stake in GreenSky during the second quarter valued at $212,000. Mycio Wealth Partners LLC bought a new stake in GreenSky during the third quarter valued at $180,000. California Public Employees Retirement System bought a new stake in GreenSky during the second quarter valued at $212,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in GreenSky during the second quarter valued at $229,000. Hedge funds and other institutional investors own 31.30% of the company’s stock.

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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Analyst Recommendations for GreenSky (NASDAQ:GSKY)

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