GreenSky (NASDAQ:GSKY) Upgraded by Zacks Investment Research to Hold
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. “
Shares of GSKY traded up $0.21 during midday trading on Tuesday, reaching $8.46. 390,700 shares of the stock were exchanged, compared to its average volume of 412,844. The business’s 50-day moving average price is $8.00 and its 200 day moving average price is $8.31. GreenSky has a twelve month low of $5.74 and a twelve month high of $16.42. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 120.86, a PEG ratio of 0.99 and a beta of 2.29.
A number of hedge funds have recently modified their holdings of GSKY. HBW Advisory Services LLC acquired a new position in GreenSky in the 3rd quarter valued at about $72,000. Hennessy Advisors Inc. acquired a new position in GreenSky in the 3rd quarter valued at about $80,000. Academy Capital Management Inc. TX acquired a new position in GreenSky in the 3rd quarter valued at about $99,000. Algert Global LLC acquired a new position in GreenSky in the 2nd quarter valued at about $124,000. Finally, Tower Research Capital LLC TRC increased its position in GreenSky by 2,122.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,090 shares of the company’s stock valued at $124,000 after acquiring an additional 9,636 shares during the period. Hedge funds and other institutional investors own 39.37% of the company’s stock.
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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