B. Riley set a $14.00 price target on On Deck Capital (NYSE:ONDK) in a research note released on Tuesday. The firm currently has a buy rating on the credit services provider’s stock.
Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley cut shares of On Deck Capital from an equal weight rating to an underweight rating and set a $5.50 price target on the stock. in a research report on Thursday, July 19th. ValuEngine cut shares of On Deck Capital from a buy rating to a hold rating in a research report on Monday, September 24th. BTIG Research upgraded shares of On Deck Capital from a sell rating to a neutral rating and set a $7.00 price target on the stock in a research report on Monday, October 8th. UBS Group boosted their price target on shares of On Deck Capital from $6.50 to $9.00 and gave the stock a neutral rating in a research report on Thursday, August 30th. Finally, Zacks Investment Research upgraded shares of On Deck Capital from a hold rating to a strong-buy rating and set a $10.00 price target on the stock in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $8.43.
Shares of ONDK opened at $6.94 on Tuesday. On Deck Capital has a fifty-two week low of $4.11 and a fifty-two week high of $9.41. The firm has a market capitalization of $515.10 million, a P/E ratio of -43.38 and a beta of 1.62. The company has a current ratio of 26.85, a quick ratio of 26.85 and a debt-to-equity ratio of 2.72.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.15. On Deck Capital had a net margin of 1.37% and a return on equity of 4.25%. The company had revenue of $95.62 million for the quarter, compared to analysts’ expectations of $88.53 million. As a group, analysts anticipate that On Deck Capital will post 0.28 EPS for the current year.
Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of On Deck Capital during the second quarter valued at $118,000. Fox Run Management L.L.C. purchased a new stake in shares of On Deck Capital during the second quarter valued at $158,000. MetLife Investment Advisors LLC boosted its stake in shares of On Deck Capital by 431.0% during the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 20,646 shares during the period. California Public Employees Retirement System purchased a new stake in shares of On Deck Capital during the first quarter valued at $145,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of On Deck Capital during the second quarter valued at $262,000. Institutional investors and hedge funds own 77.04% of the company’s stock.
On Deck 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.
Further Reading: Do Tariffs Work?
Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.