Zacks Investment Research upgraded shares of On Deck Capital Inc. (NYSE:ONDK) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $6.00 price objective on the stock.
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 also recently weighed in on ONDK. Vetr downgraded shares of On Deck Capital from a strong-buy rating to a buy rating and set a $5.81 price objective on the stock. in a report on Wednesday, July 27th. Keefe, Bruyette & Woods restated a market perform rating and set a $7.00 price objective on shares of On Deck Capital in a report on Thursday, September 15th. Needham & Company LLC restated a hold rating on shares of On Deck Capital in a report on Thursday, August 11th. Canaccord Genuity restated a hold rating and set a $6.00 price objective on shares of On Deck Capital in a report on Tuesday, July 26th. Finally, Chardan Capital assumed coverage on shares of On Deck Capital in a report on Thursday, August 4th. They set a buy rating and a $5.08 price objective on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $8.04.
Shares of On Deck Capital (NYSE:ONDK) opened at 4.85 on Tuesday. On Deck Capital has a one year low of $4.20 and a one year high of $12.85. The company’s market cap is $343.98 million. The company’s 50 day moving average is $5.85 and its 200 day moving average is $5.85.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data 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 net margin of 11.75% and a negative return on equity of 9.58%. The firm had revenue of $69.50 million for the quarter, compared to the consensus estimate of $67.83 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that On Deck Capital will post ($0.65) earnings per share for the current year.
In other On Deck Capital news, CFO Howard Katzenberg sold 24,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were 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 owns 388,396 shares in the company, valued at $2,031,311.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 35.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of On Deck Capital during the first quarter worth $201,000. Geode Capital Management LLC increased its stake in shares of On Deck Capital by 7.2% in the first quarter. Geode Capital Management LLC now owns 227,683 shares of the company’s stock worth $1,773,000 after buying an additional 15,344 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of On Deck Capital during the second quarter worth $118,000. California State Teachers Retirement System increased its stake in shares of On Deck Capital by 304.1% in the second quarter. California State Teachers Retirement System now owns 100,623 shares of the company’s stock worth $518,000 after buying an additional 75,720 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake 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 worth $11,492,000 after buying an additional 75,000 shares in the last quarter. Institutional investors own 79.34% of the company’s stock.
On Deck Capital Company Profile
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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