GreenSky Target of Unusually High Options Trading (GSKY)
GreenSky Inc (NASDAQ:GSKY) saw unusually large options trading activity on Monday. Stock traders purchased 1,864 put options on the stock. This is an increase of approximately 1,368% compared to the average daily volume of 127 put options.
Several equities research analysts have recently issued reports on GSKY shares. Zacks Investment Research lowered shares of GreenSky from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. SunTrust Banks increased their price objective on shares of GreenSky to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup increased their price objective on shares of GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.12.
GSKY opened at $15.41 on Tuesday. The firm has a market cap of $2.84 billion and a P/E ratio of 220.14. GreenSky has a twelve month low of $8.30 and a twelve month high of $27.01.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in GreenSky by 140.1% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after acquiring an additional 2,011 shares during the last quarter. Royce & Associates LP bought a new position in GreenSky during the 4th quarter valued at $55,000. JOYN Advisors Inc. boosted its stake in GreenSky by 76.5% during the 4th quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock valued at $72,000 after acquiring an additional 3,250 shares during the last quarter. Barclays PLC boosted its stake in GreenSky by 445.0% during the 4th quarter. Barclays PLC now owns 10,900 shares of the company’s stock valued at $105,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in GreenSky during the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 33.15% of the company’s stock.
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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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