On Deck Capital (ONDK) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a buy rating in a report published on Tuesday.

Other research analysts have also recently issued reports about the stock. BTIG Research cut shares of On Deck Capital from a neutral rating to a sell rating in a report on Tuesday, August 14th. B. Riley began coverage on shares of On Deck Capital in a research note on Wednesday, August 22nd. They issued a buy rating and a $14.00 target price on the stock. Zacks Investment Research upgraded shares of 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 note on Tuesday, August 14th. Morgan Stanley cut shares of On Deck Capital from an equal weight rating to an underweight rating and set a $5.50 target price on the stock. in a research note on Thursday, July 19th. Finally, UBS Group boosted their target price on shares of On Deck Capital from $6.50 to $9.00 and gave the company a neutral rating in a research note on Thursday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $9.36.

On Deck Capital stock opened at $8.14 on Tuesday. On Deck Capital has a fifty-two week low of $4.11 and a fifty-two week high of $9.41. The stock has a market cap of $613.64 million, a P/E ratio of 24.91 and a beta of 1.54. The company has a debt-to-equity ratio of 2.80, a quick ratio of 26.85 and a current ratio of 29.62.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. On Deck Capital had a net margin of 4.97% and a return on equity of 9.36%. The business had revenue of $103.00 million for the quarter, compared to analysts’ expectations of $98.32 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts anticipate that On Deck Capital will post 0.28 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. purchased a new position in On Deck Capital in the second quarter valued at about $118,000. IFG Advisory LLC bought a new stake in shares of On Deck Capital in the third quarter valued at approximately $118,000. California Public Employees Retirement System bought a new stake in shares of On Deck Capital in the first quarter valued at approximately $145,000. Fox Run Management L.L.C. bought a new stake in shares of On Deck Capital in the second quarter valued at approximately $158,000. Finally, MetLife Investment Advisors LLC raised its position in shares of 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 valued at $178,000 after purchasing an additional 20,646 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.

Further Reading: Technical Analysis

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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