GreenSky (NASDAQ:GSKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “GreenSky Inc. operates as a technology company. It offers proprietary technology infrastructure platform to supports the full transaction lifecycle, including credit application, underwriting and real-time allocation. The company’s proprietary technology powered platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. GreenSky Inc. is headquartered in Atlanta, Georgia. “

A number of other brokerages have also recently commented on GSKY. Compass Point reaffirmed a “hold” rating and set a $22.00 price objective on shares of GreenSky in a research note on Wednesday, August 8th. Citigroup dropped their price objective on shares of GreenSky from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. BTIG Research cut shares of GreenSky from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, November 6th. SunTrust Banks dropped their price objective on shares of GreenSky to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. Finally, Credit Suisse Group dropped their price objective on shares of GreenSky from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.62.

Shares of NASDAQ GSKY traded down $0.05 during midday trading on Tuesday, reaching $8.96. 1,842,800 shares of the stock were exchanged, compared to its average volume of 1,694,873. GreenSky has a twelve month low of $8.55 and a twelve month high of $27.01.

GreenSky (NASDAQ:GSKY) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $113.91 million for the quarter, compared to analyst estimates of $121.28 million. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts forecast that GreenSky will post 0.57 EPS for the current fiscal year.

In related news, insider Dennis I. Kelly purchased 27,000 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The shares were purchased at an average price of $9.06 per share, with a total value of $244,620.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. acquired a new stake in GreenSky in the 2nd quarter valued at $118,000. Mycio Wealth Partners LLC acquired a new stake in GreenSky in the 3rd quarter valued at $180,000. RBF Capital LLC acquired a new stake in GreenSky in the 3rd quarter valued at $185,000. EJF Capital LLC acquired a new stake in GreenSky in the 2nd quarter valued at $212,000. Finally, California Public Employees Retirement System acquired a new stake in GreenSky in the 2nd quarter valued at $212,000. 33.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Understanding each part of a balance sheet

Get a free copy of the Zacks research report on GreenSky (GSKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for GreenSky (NASDAQ:GSKY)

Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.