Zacks Investment Research upgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a buy rating in a research note published on Saturday morning. The firm currently has $5.75 target price on the credit services provider’s 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 equities analysts have also recently weighed in on the stock. Morgan Stanley increased their price objective on shares of On Deck Capital from $5.00 to $5.50 and gave the stock an equal weight rating in a research note on Wednesday, February 14th. BTIG Research reiterated a hold rating on shares of On Deck Capital in a research note on Wednesday, February 14th. Jefferies Group reiterated a hold rating on shares of On Deck Capital in a research note on Wednesday, February 14th. Stifel Nicolaus increased their price objective on shares of On Deck Capital from $5.00 to $5.50 and gave the stock a hold rating in a research note on Tuesday, November 7th. Finally, BidaskClub cut shares of On Deck Capital from a hold rating to a sell rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $5.29.
On Deck Capital (NYSE ONDK) opened at $5.39 on Friday. On Deck Capital has a one year low of $3.29 and a one year high of $6.36. The company has a quick ratio of 26.96, a current ratio of 26.95 and a debt-to-equity ratio of 2.78. The firm has a market cap of $396.89, a P/E ratio of -33.69 and a beta of 1.96.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. On Deck Capital had a negative net margin of 3.29% and a negative return on equity of 4.44%. The firm had revenue of $87.74 million for the quarter, compared to analysts’ expectations of $87.48 million. During the same quarter in the prior year, the business earned ($0.50) EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. research analysts expect that On Deck Capital will post 0.08 earnings per share for the current fiscal year.
In other news, CEO Noah Breslow bought 12,000 shares of On Deck Capital stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average cost of $4.94 per share, with a total value of $59,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 25.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in On Deck Capital by 28.4% in the 2nd quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 6,202 shares in the last quarter. Bank of Montreal Can increased its holdings in On Deck Capital by 4,393.3% in the 4th quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 23,680 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in On Deck Capital in the 4th quarter worth approximately $143,000. JPMorgan Chase & Co. increased its holdings in On Deck Capital by 58.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock worth $149,000 after acquiring an additional 11,751 shares in the last quarter. Finally, Nationwide Fund Advisors increased its holdings in On Deck Capital by 13.4% in the 2nd quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock worth $158,000 after acquiring an additional 4,010 shares in the last quarter. 57.60% of the stock is owned by institutional investors.
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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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