On Deck Capital Inc. (NYSE:ONDK) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $6.60 price objective on the stock. Vetr‘s price target points to a potential upside of 21.10% from the stock’s current price.
ONDK has been the topic of several other reports. Janney Montgomery Scott reiterated a “fair value” rating and issued a $6.12 price objective (down from $7.00) on shares of On Deck Capital in a research note on Wednesday, August 24th. Needham & Company LLC reiterated a “hold” rating on shares of On Deck Capital in a research note on Thursday, August 11th. Jefferies Group reiterated a “hold” rating on shares of On Deck Capital in a research note on Monday, July 11th. Guggenheim initiated coverage on On Deck Capital in a research report on Tuesday, September 20th. They set a “neutral” rating on the stock. Finally, Oppenheimer Holdings Inc. initiated coverage on On Deck Capital in a research report on Thursday, August 4th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. On Deck Capital currently has a consensus rating of “Hold” and an average price target of $8.36.
Shares of On Deck Capital (NYSE:ONDK) opened at 5.45 on Monday. The firm’s market capitalization is $386.53 million. On Deck Capital has a 12 month low of $4.20 and a 12 month high of $12.85. The stock’s 50 day moving average price is $6.06 and its 200-day moving average price is $5.94.
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, beating the 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 company had revenue of $69.50 million for the quarter, compared to analyst estimates of $67.83 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that On Deck Capital will post ($0.65) EPS for the current fiscal year.
In related news, CFO Howard Katzenberg sold 24,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 388,396 shares of the company’s stock, valued at approximately $2,031,311.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 35.80% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of On Deck Capital by 81.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,006 shares of the company’s stock valued at $660,000 after buying an additional 57,564 shares during the last quarter. Elk Creek Partners LLC increased its stake 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 $7,688,000 after buying an additional 197,732 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of On Deck Capital during the second quarter valued at approximately $195,000. Clearline Capital LP acquired a new stake in shares of On Deck Capital during the second quarter valued at approximately $3,680,000. Finally, G2 Investment Partners Management LLC acquired a new stake in shares of On Deck Capital during the second quarter valued at approximately $224,000. 79.33% of the stock is currently owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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