GreenSky takes a big hit falling below $10 following weak Q4 EBITDA guidance.
All of the fintech stocks have inevitably taken a big hit following going public despite maintaining solid revenue growth.
GreenSky maintains strong transaction growth and only trades at 8x EBITDA forecasts.
The recent slump inGreenSky(GSKY) follows a trend in fintech stocks eventually collapsing following high profile IPOs. One has to question whether these modern financials belong in the public markets if a high EBITDA margin company with 30%+ transaction growth isn't rewarded. The stock isn't likely to rally until the company hit financial targets, but the opportunity exists to start scaling into the stock in anticipation of better days ahead.