Marshall Wace LLP acquired a new stake in GreenSky Inc (NASDAQ:GSKY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,898,477 shares of the company’s stock, valued at approximately $34,173,000. Marshall Wace LLP owned about 1.02% of GreenSky as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS acquired a new position in GreenSky in the 2nd quarter valued at $7,125,000. BlackRock Inc. acquired a new position in GreenSky in the 2nd quarter valued at $27,650,000. NumerixS Investment Technologies Inc acquired a new position in GreenSky in the 2nd quarter valued at $619,000. Soros Fund Management LLC acquired a new position in GreenSky in the 2nd quarter valued at $1,788,000. Finally, Laurion Capital Management LP acquired a new position in GreenSky in the 2nd quarter valued at $1,483,000. 35.19% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:GSKY traded down $0.06 during midday trading on Friday, reaching $8.93. 4,708 shares of the company’s stock were exchanged, compared to its average volume of 1,787,941. GreenSky Inc has a fifty-two week low of $8.55 and a fifty-two week high of $27.01.

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

GSKY has been the subject of several recent research reports. SunTrust Banks reduced their price objective on GreenSky to $11.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. BTIG Research began coverage on GreenSky in a research note on Thursday, October 11th. They issued a “buy” rating and a $23.00 target price for the company. Cowen raised GreenSky from a “neutral” rating to a “buy” rating in a research note on Thursday, August 16th. Compass Point raised GreenSky from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, August 16th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised GreenSky from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. GreenSky presently has an average rating of “Buy” and a consensus price target of $20.62.

In other GreenSky news, insider Dennis I. Kelly acquired 27,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average cost 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 available at this hyperlink.

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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.

Further Reading: Market Capitalization in the Stock Market

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Institutional Ownership by Quarter for GreenSky (NASDAQ:GSKY)

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