|Bid||5.70 x 2200|
|Ask||7.43 x 900|
|Day's Range||7.09 - 7.53|
|52 Week Range||5.74 - 20.65|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.59|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.25|
Raymond James analyst John Davis downgraded shares of financial technology company GreenSky Inc. to neutral from outperform on Thursday, after shares lost about a third of their value earlier in the week in the wake of a disappointing earnings report. "While we hesitate to jump out the basement window as the damage has been done, we can't justify continuing to recommend a stock in the midst of a potential business model change coupled with little to no confidence in our forward financial model," he wrote of GreenSky, which provides loans at at the point of sale. "Although we can get to a takeout value up to $10/share for the right strategic partner that can use its own balance sheet to fund the loans and therefore arbitrage the funding costs, it's tough to assign more than $5 of standalone value to the current business (10x our updated 2020 EPS estimate) given the significant level of uncertainty." Shares are nonetheless up 6.4% in Thursday trading, though they're off 47% over the past three months compared with a 0.9% rise for the S&P 500 in that time.
Just over a year after its initial public offering, financial-technology company GreenSky Inc. has announced that its board is evaluating strategic alternatives. The disclosure comes alongside GreenSky's Tuesday earnings report, in which the company missed on both revenue and earnings. Shares are down more than 37% in Tuesday trading. The company, which enables loans at the point of sale, posted adjusted earnings per share of 18 cents on revenue of $138.7 million in its latest report. Analysts had been expecting adjusted EPS of 23 cents and revenue of $140.8 million. "With the short interest on GreenSky at 47.5% of its float per Bloomberg, we believe these results will provide fuel for the stock's significant bearish following," wrote BTIG's Mark Palmer, who rates the stock at neutral. Shares are off 32% so far this year, as the S&P 500 has risen 14%.
GreenSky (GSKY) delivered earnings and revenue surprises of 134.78% and 0.66%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
GreenSky shares were absolutely pummeled Tuesday, trading down more than 35% in the late afternoon. During the second quarter, GreenSky repurchased 4.5 million shares at $11.40, so that's not looking very good here. Additionally, there were concerns losing Regions Bank as one of its funders would impact the company negatively.
Atlanta financial technology company GreenSky Inc. (Nasdaq: GSKY) announced Tuesday it will "explore strategic alternatives," a little more than a year after completing an initial public offering in May 2018 that raised $1 billion with shares priced at $23. "Notwithstanding the company's solid operating results, in light of the complexity of the company’s operating model, we do not believe that the company's current market value is reflective of the Company’s strong record of cash flow generation and intrinsic value," GreenSky Chairman and CEO David Zalik said in a statement as the company reported second quarter 2019 results. "Accordingly, GreenSky’s Board of Directors, working together with its senior management team and legal and financial advisors, has commenced a process to explore, review and evaluate a range of potential strategic alternatives focused on maximizing stockholder value," Zalik said.
GreenSky (GSKY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
Marc Stad, who runs Dragoneer Investment Group LLC, reported back in January he had acquired a 13 percent stake in GreenSky.
GreenSky, Inc. , a leading financial technology company Powering Commerce at the Point of SaleSM, announced today that Gerry Benjamin, Vice Chairman and Chief Administrative Officer, will present on Wednesday, June 12th at 1:45 p.m.
GreenSky investors were roiled May 15 when the company disclosed that it expects Regions Financial Corp. not to renew a funding commitment to GreenSky when it expires later this year.
GreenSky, Inc. , a leading financial technology company Powering Commerce at the Point of SaleSM, commented on its recent share price volatility following the release of its Form 10-Q filed on May 15, 2019.
After disappearing from public quarterly filings for more than two years, Dr. Michael Burry reappeared in the fourth quarter with a slew of stock holdings to report. In the first quarter, his buying continued with the addition of three stocks, including a new largest position, JD.com Inc. (JD). In 2013, he opened the Cupertino, California-based Scion Asset Management but has only intermittently filed quarterly updates, which the Securities and Exchange Commission requires for funds above $100 million.
GreenSky Inc (NASDAQ: GSKY ) reported disappointing first-quarter revenue Tuesday on softer-than-expected transaction volumes. Although the company’s underlying business momentum is good, it's already ...
The Atlanta-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share. The results topped Wall Street expectations. The average estimate ...
Legendary investors such as Jeffrey Talpins and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don't publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That's why we analyze the […]
Never before has Atlanta held a birthday party like the one planned for The Home Depot co-founder and philanthropist Bernie Marcus.