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GSKY

GreenSky

$21.15

3.3 (18.49%)

07:11
08/07/18
08/07
07:11
08/07/18
07:11

GreenSky reports Q2 pro forma EPS 18c, consensus 16c

Reports Q2 revenue $105.7M, consensus $105.16M. "GreenSky is off to a great start as a public company as we continue to expand our ecosystem of merchants, consumers and bank partners," said David Zalik, president and CEO of GreenSky. "Our singular focus on accelerating commerce was evidenced by a 36 percent increase in transaction volume from our growing network of home improvement merchants and elective health care providers. We also reached an important milestone with quarterly revenue and adjusted EBITDA of well over $100 million and $50 million, respectively, for the first time in GreenSky's history."

  • 07

    Aug

GSKY GreenSky
$21.15

3.3 (18.49%)

06/18/18
06/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. International Paper (IP) resumed a Hold at Deutsche Bank. 2. EVO Payments (EVOP) was initiated with an Overweight at JPMorgan, an Outperform at William Blair, a Buy at SunTrust, a Market Perform at Cowen, a Hold at Deutsche Bank, as well as a Neutral at Goldman Sachs and Citi. 3. Torchlight Energy Resources (TRCH) initiated with a Buy at Roth Capital. 4. GreenSky (GSKY) initiated with a Buy at Goldman Sachs, Guggenheim and SunTrust, an Overweight at JPMorgan and Morgan Stanley, an Outperform at Credit Suisse, a Neutral at BofA/Merrill, and a Hold at Sandler O'Neill. 5. Catasys (CATS) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/18/18
RAJA
06/18/18
INITIATION
Target $28
RAJA
Outperform
GreenSky initiated with an Outperform at Raymond James
Raymond James initiated GreenSky with an Outperform rating and $28 price target.
06/19/18
SBSH
06/19/18
INITIATION
Target $28
SBSH
Buy
GreenSky initiated with a Buy at Citi
Citi analyst Ashwin Shirvaikar started GreenSky with a Buy rating and $28 price target. The analyst believes the company's 28 times forward price-to-earnings multiple is a "justifiable premium" to most other FinTech names given its "strong" 30%-plus annual revenue growth and mid-to-high 20% pre-tax earnings.
07/19/18
MSCO
07/19/18
NO CHANGE
MSCO
Morgan Stanley upgrades Payments and Processing industry to Attractive
Morgan Stanley analyst James Faucette upgraded his view of the Payments and Processing industry to Attractive, citing the firm's U.S. Strategy Team's call for rotation out of Technology and his view that Payments will be seen as an attractive option for investors looking to become more defensive. Investors underappreciate the resilience of consumer spending and Faucette sees the potential for his Payments coverage market-cap weighted earnings growth to accelerate organically to 15% over 2018-2020 from 11% growth over the last three years, he tells investors. In the group, the firm has Overweight ratings on Visa (V), MasterCard (MA), PayPal (PYPL), GreenSky (GSKY), Worldpay (WP) and FleetCor (FLT). Morgan Stanley has Underweight ratings on Western Union (WU) and On Deck Capital (ONDK), having downgraded On Deck this morning.

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