Shares of On Deck Capital Inc (NYSE:ONDK) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.42.
A number of analysts have recently commented on the company. B. Riley set a $42.00 price objective on Carbonite and gave the stock a “buy” rating in a report on Friday, May 3rd. Maxim Group restated a “buy” rating and set a $16.00 price objective on shares of Whitestone REIT in a report on Friday, May 3rd. Stephens set a $25.00 price objective on Schneider National and gave the stock a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Finally, ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd.
A number of institutional investors have recently made changes to their positions in ONDK. Rhumbline Advisers boosted its position in On Deck Capital by 48.7% during the 4th quarter. Rhumbline Advisers now owns 66,427 shares of the credit services provider’s stock worth $392,000 after purchasing an additional 21,750 shares during the period. SG Americas Securities LLC purchased a new stake in On Deck Capital during the 4th quarter worth $80,000. California Public Employees Retirement System boosted its position in On Deck Capital by 5.3% during the 4th quarter. California Public Employees Retirement System now owns 29,921 shares of the credit services provider’s stock worth $177,000 after purchasing an additional 1,509 shares during the period. New York State Common Retirement Fund boosted its position in On Deck Capital by 96.0% during the 4th quarter. New York State Common Retirement Fund now owns 318,571 shares of the credit services provider’s stock worth $1,880,000 after purchasing an additional 155,998 shares during the period. Finally, BlackRock Inc. boosted its position in On Deck Capital by 2.4% during the 4th quarter. BlackRock Inc. now owns 3,674,855 shares of the credit services provider’s stock worth $21,683,000 after purchasing an additional 85,019 shares during the period. 71.45% of the stock is owned by hedge funds and other institutional investors.
Shares of ONDK stock traded up $0.07 on Tuesday, reaching $3.97. 558,458 shares of the stock were exchanged, compared to its average volume of 702,161. The stock has a market cap of $301.40 million, a PE ratio of 8.63 and a beta of 1.86. The company has a current ratio of 16.87, a quick ratio of 16.87 and a debt-to-equity ratio of 2.69. The stock’s 50 day moving average price is $4.16. On Deck Capital has a 1-year low of $3.81 and a 1-year high of $9.41.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Thursday, May 2nd. The credit services provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $110.20 million during the quarter, compared to the consensus estimate of $110.23 million. On Deck Capital had a return on equity of 12.24% and a net margin of 8.48%. The business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities analysts forecast that On Deck Capital will post 0.33 EPS for the current fiscal year.
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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.
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