ValuEngine upgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a buy rating in a report released on Tuesday.
Several other equities research analysts have also recently commented on the company. B. Riley set a $14.00 price objective on On Deck Capital and gave the company a buy rating in a research report on Tuesday, October 30th. BTIG Research raised On Deck Capital from a sell rating to a neutral rating and set a $7.00 price objective on the stock in a research report on Monday, October 8th. UBS Group raised their target price on On Deck Capital from $6.50 to $9.00 and gave the stock a neutral rating in a research report on Thursday, August 30th. Zacks Investment Research raised On Deck Capital from a hold rating to a strong-buy rating and set a $10.00 target price on the stock in a research report on Tuesday, August 14th. Finally, Stephens reissued a hold rating and issued a $8.00 target price on shares of On Deck Capital in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. On Deck Capital has an average rating of Hold and a consensus price target of $8.43.
On Deck Capital stock opened at $8.89 on Tuesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85. On Deck Capital has a one year low of $4.11 and a one year high of $9.41. The firm has a market cap of $518.08 million, a P/E ratio of -55.56 and a beta of 1.54.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%. The company had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $98.32 million. During the same period last year, the firm posted ($0.01) earnings per share. On Deck Capital’s revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts anticipate that On Deck Capital will post 0.28 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. IFG Advisory LLC purchased a new position in On Deck Capital in the third quarter worth about $118,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in On Deck Capital in the second quarter worth about $118,000. Fox Run Management L.L.C. purchased a new position in On Deck Capital in the second quarter worth about $158,000. MetLife Investment Advisors LLC boosted its position in On Deck Capital by 431.0% in the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock worth $178,000 after purchasing an additional 20,646 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new position in On Deck Capital in the first quarter worth about $145,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.
About On Deck Capital
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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