Shares of OnDeck Capital (NYSE:ONDK) have been given an average rating of “Hold” by the eleven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.50.
Several equities research analysts recently commented on the stock. TheStreet raised shares of OnDeck Capital from a “d+” rating to a “c-” rating in a report on Monday, May 7th. BTIG Research reissued a “neutral” rating on shares of OnDeck Capital in a report on Wednesday, May 9th. Stephens assumed coverage on shares of OnDeck Capital in a report on Monday, June 18th. They issued a “weight” rating for the company. ValuEngine raised shares of OnDeck Capital from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Finally, UBS Group assumed coverage on shares of OnDeck Capital in a report on Tuesday, March 27th. They issued a “neutral” rating and a $6.00 price target for the company.
OnDeck Capital opened at $7.10 on Friday, MarketBeat.com reports. The company has a quick ratio of 28.81, a current ratio of 28.81 and a debt-to-equity ratio of 2.76. The company has a market cap of $525.83 million, a PE ratio of -44.38 and a beta of 1.55. OnDeck Capital has a 1-year low of $3.98 and a 1-year high of $7.68.
OnDeck Capital (NYSE:ONDK) last posted its earnings results on Tuesday, May 8th. The credit services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $90.28 million during the quarter, compared to analyst estimates of $88.40 million. OnDeck Capital had a negative net margin of 0.69% and a positive return on equity of 1.03%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. analysts expect that OnDeck Capital will post 0.09 earnings per share for the current fiscal year.
In other OnDeck Capital news, Director Neil E. Wolfson bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 30th. The stock was acquired at an average price of $6.07 per share, with a total value of $30,350.00. Following the completion of the acquisition, the director now directly owns 194,031 shares of the company’s stock, valued at $1,177,768.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Noah Breslow bought 8,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were acquired at an average cost of $5.85 per share, with a total value of $46,800.00. Following the acquisition, the chief executive officer now directly owns 528,595 shares of the company’s stock, valued at $3,092,280.75. The disclosure for this purchase can be found here. 21.40% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of OnDeck Capital during the 4th quarter valued at about $143,000. California Public Employees Retirement System acquired a new position in shares of OnDeck Capital during the 1st quarter valued at about $145,000. Quantitative Systematic Strategies LLC boosted its position in shares of OnDeck Capital by 153.7% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 25,879 shares of the credit services provider’s stock valued at $145,000 after acquiring an additional 15,677 shares during the last quarter. Ellington Management Group LLC acquired a new position in shares of OnDeck Capital during the 4th quarter valued at about $169,000. Finally, Spark Investment Management LLC acquired a new position in shares of OnDeck Capital during the 1st quarter valued at about $229,000. 73.20% of the stock is currently owned by hedge funds and other institutional investors.
OnDeck Capital Company Profile
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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