GreenSky Inc (NASDAQ:GSKY) insider Dennis I. Kelly purchased 27,000 shares of the stock in a transaction that occurred 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

GSKY stock traded up $0.30 during mid-day trading on Friday, hitting $9.71. The stock had a trading volume of 4,047,801 shares, compared to its average volume of 3,319,509. GreenSky Inc has a 52 week low of $8.55 and a 52 week high of $27.01.

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

A number of equities analysts recently commented on the stock. Cowen raised shares of GreenSky from a “neutral” rating to a “buy” rating in a research report on Thursday, August 16th. Compass Point lowered shares of GreenSky from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $11.00 in a research report on Wednesday. Morgan Stanley lowered shares of GreenSky from an “overweight” rating to an “equal weight” rating and set a $10.00 price target on the stock. in a research report on Thursday. Zacks Investment Research lowered shares of GreenSky from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, Sandler O’Neill reissued a “hold” rating and issued a $20.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.62.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of GreenSky by 46.4% during the 3rd quarter. BlackRock Inc. now owns 1,914,545 shares of the company’s stock valued at $34,463,000 after purchasing an additional 607,173 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of GreenSky by 124.8% during the 3rd quarter. Wells Fargo & Company MN now owns 1,904,289 shares of the company’s stock valued at $34,278,000 after purchasing an additional 1,057,371 shares during the last quarter. Waddell & Reed Financial Inc. bought a new stake in shares of GreenSky during the 2nd quarter valued at approximately $40,116,000. Federated Investors Inc. PA bought a new stake in shares of GreenSky during the 2nd quarter valued at approximately $34,363,000. Finally, Millennium Management LLC bought a new stake in shares of GreenSky during the 2nd quarter valued at approximately $27,892,000. 31.30% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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