GreenSky Inc (NASDAQ:GSKY) – Analysts at SunTrust Banks increased their Q2 2019 earnings per share estimates for shares of GreenSky in a note issued to investors on Tuesday, April 16th. SunTrust Banks analyst A. Jeffrey now forecasts that the company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.15. SunTrust Banks has a “Buy” rating and a $14.00 price objective on the stock. SunTrust Banks also issued estimates for GreenSky’s Q3 2019 earnings at $0.26 EPS, FY2019 earnings at $0.59 EPS and FY2020 earnings at $0.73 EPS.
Separately, Zacks Investment Research lowered GreenSky from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.85.
GreenSky (NASDAQ:GSKY) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.11 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. GreenSky had a negative return on equity of 45.61% and a net margin of 8.99%. The company had revenue of $109.70 million during the quarter, compared to analyst estimates of $103.02 million. The business’s revenue was up 22.2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in GreenSky by 46.4% in the third 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. Jane Street Group LLC bought a new stake in GreenSky in the third quarter valued at approximately $493,000. The Manufacturers Life Insurance Company bought a new stake in GreenSky in the third quarter valued at approximately $6,174,000. Morgan Stanley lifted its position in GreenSky by 84.2% in the third quarter. Morgan Stanley now owns 105,807 shares of the company’s stock valued at $1,905,000 after purchasing an additional 48,369 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in GreenSky by 29.2% in the third quarter. Vanguard Group Inc. now owns 3,424,121 shares of the company’s stock valued at $61,634,000 after purchasing an additional 773,774 shares during the last quarter. 33.15% of the stock is owned by institutional investors and hedge funds.
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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