According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “
Several other research analysts have also recently weighed in on the company. Vetr upgraded On Deck Capital from a buy rating to a strong-buy rating and set a $6.60 price target for the company in a research note on Monday, October 3rd. Guggenheim began coverage on On Deck Capital in a research note on Tuesday, September 20th. They issued a neutral rating for the company. FBR & Co boosted their price target on On Deck Capital from $6.00 to $6.50 and gave the stock a mkt perform rating in a research note on Friday, September 16th. Keefe, Bruyette & Woods restated a market perform rating and issued a $7.00 price target on shares of On Deck Capital in a research note on Thursday, September 15th. Finally, Janney Montgomery Scott restated a fair value rating and issued a $6.12 price target (down previously from $7.00) on shares of On Deck Capital in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $8.04.
Shares of On Deck Capital (NYSE:ONDK) traded down 2.15% on Wednesday, reaching $5.01. The company’s stock had a trading volume of 9,601 shares. On Deck Capital has a 12-month low of $4.20 and a 12-month high of $12.85. The company’s market capitalization is $355.32 million. The company’s 50-day moving average is $5.92 and its 200 day moving average is $5.87.
On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The firm earned $69.50 million during the quarter, compared to analysts’ expectations of $67.83 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities analysts anticipate that On Deck Capital will post ($0.65) earnings per share for the current fiscal year.
In related news, CFO Howard Katzenberg sold 24,000 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $5.23, for a total transaction of $125,520.00. Following the completion of the transaction, the chief financial officer now directly owns 388,396 shares of the company’s stock, valued at $2,031,311.08. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 35.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ONDK. BlackRock Investment Management LLC raised its stake in On Deck Capital by 406.9% in the second quarter. BlackRock Investment Management LLC now owns 202,691 shares of the company’s stock valued at $1,044,000 after buying an additional 162,705 shares during the last quarter. BlackRock Advisors LLC raised its stake in On Deck Capital by 146.1% in the second quarter. BlackRock Advisors LLC now owns 23,420 shares of the company’s stock valued at $121,000 after buying an additional 13,905 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 during the last quarter. Baillie Gifford & Co. raised its stake in 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 during the last quarter. Finally, Nationwide Fund Advisors raised its stake in On Deck Capital by 297.3% in the second quarter. Nationwide Fund Advisors now owns 30,588 shares of the company’s stock valued at $158,000 after buying an additional 22,890 shares during the last quarter. 79.33% of the stock is owned by institutional investors.
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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