An investigation on behalf of investors of GreenSky, Inc. (NASDAQ: GSKY) shares over potential securities laws violations by GreenSky, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of GreenSky, Inc. (NASDAQ: GSKY) concerning whether a series of statements by GreenSky, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Atlanta, GA based GreenSky, Inc., a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. GreenSky, Inc. went public in May 2018. GreenSky, Inc. reported that its annual Total Revenue rose from $263.86 million in 2016 to $325.88 million in 2017 and that its Net Income increased from $124.46 million in 2016 to $138.66 million in 2017.

On November 6, 2018, GreenSky, Inc. lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion, and lowered its full year 2018 Adjusted EBITDA guidance from between $192 and $199 million to between $165 and $175 million. GreenSky attributed the reduction to a general labor shortage and unfavorable shifts in its loan mix.

Shares of GreenSky, Inc. (NASDAQ: GSKY) declined from $27.00 per share in May 2018 to as low as $8.55 per share on November 6, 2018.