GreenSky (NASDAQ:GSKY) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Thursday, The Fly reports. The firm currently has a $27.00 price target on the stock. Compass Point’s price target would suggest a potential upside of 47.86% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other research firms also recently weighed in on GSKY. Bank of America assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They issued a “neutral” rating and a $26.00 target price on the stock. They noted that the move was a valuation call. Citigroup assumed coverage on shares of GreenSky in a research report on Tuesday, June 19th. They issued a “buy” rating and a $28.00 target price on the stock. Raymond James assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They issued an “overweight” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.60.

NASDAQ:GSKY opened at $18.26 on Thursday. GreenSky has a 1-year low of $14.49 and a 1-year high of $27.01.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The business had revenue of $105.70 million during the quarter, compared to analysts’ expectations of $105.57 million. equities research analysts forecast that GreenSky will post 0.65 EPS for the current year.

In other news, Director Nigel W. Morris acquired 62,500 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average cost of $15.69 per share, with a total value of $980,625.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. purchased a new stake in GreenSky during the 2nd quarter valued at about $118,000. California Public Employees Retirement System purchased a new stake in GreenSky during the 2nd quarter valued at about $212,000. EJF Capital LLC purchased a new stake in GreenSky during the 2nd quarter valued at about $212,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in GreenSky during the 2nd quarter valued at about $229,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in GreenSky during the 2nd quarter valued at about $235,000. 1.69% of the stock is currently owned by institutional investors.

About GreenSky

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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