Other research analysts also recently issued reports about the stock. Janney Montgomery Scott started coverage on shares of On Deck Capital in a research report on Thursday, July 7th. They set a buy rating and a $4.89 target price for the company. Vetr cut shares of On Deck Capital from a strong-buy rating to a buy rating and set a $5.81 price objective for the company. in a report on Wednesday, July 27th. Chardan Capital started coverage on shares of On Deck Capital in a report on Thursday, August 4th. They issued a buy rating and a $5.08 price objective for the company. Stifel Nicolaus reaffirmed a buy rating and issued a $7.50 price objective (down previously from $10.00) on shares of On Deck Capital in a report on Tuesday, August 9th. Finally, Jefferies Group reaffirmed a hold rating on shares of On Deck Capital in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $8.36.
On Deck Capital (NYSE:ONDK) opened at 5.92 on Tuesday. The company’s market cap is $419.86 million. On Deck Capital has a 12-month low of $4.20 and a 12-month high of $12.85. The firm’s 50 day moving average is $6.04 and its 200 day moving average is $6.04.
On Deck Capital (NYSE:ONDK) last posted its earnings results on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The company earned $69.50 million during the quarter, compared to the consensus estimate of $67.83 million. On Deck Capital had a negative net margin of 11.75% and a negative return on equity of 9.58%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that On Deck Capital will post ($0.65) EPS for the current fiscal year.
In other On Deck Capital news, CFO Howard Katzenberg sold 24,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $5.23, for a total value of $125,520.00. Following the transaction, the chief financial officer now directly owns 388,396 shares in the company, valued at approximately $2,031,311.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 35.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in On Deck Capital by 118.4% in the second quarter. FMR LLC now owns 2,967,958 shares of the company’s stock valued at $15,285,000 after buying an additional 1,609,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of On Deck Capital by 11.7% in the second quarter. Vanguard Group Inc. now owns 2,654,516 shares of the company’s stock valued at $13,670,000 after buying an additional 277,856 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of On Deck Capital by 3.5% in the second quarter. Baillie Gifford & Co. now owns 2,231,608 shares of the company’s stock valued at $11,492,000 after buying an additional 75,000 shares in the last quarter. Elk Creek Partners LLC raised its position in shares of On Deck Capital by 15.3% in the second quarter. Elk Creek Partners LLC now owns 1,492,813 shares of the company’s stock valued at $4,495,000 after buying an additional 197,732 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock valued at $6,389,000 after buying an additional 963,002 shares in the last quarter. Institutional investors own 79.33% of the company’s stock.
About On Deck Capital
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
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