On Deck Capital, Inc. (NYSE:ONDK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, October 18th.
A number of other analysts have also commented on the company. Zacks Investment Research lowered On Deck Capital from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Canaccord Genuity restated a “hold” rating and issued a $5.00 price target on shares of On Deck Capital in a report on Sunday, October 1st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. On Deck Capital currently has an average rating of “Hold” and an average price target of $5.00.
Shares of On Deck Capital (NYSE:ONDK) traded up $0.03 during trading on Wednesday, hitting $5.20. The company had a trading volume of 836,023 shares, compared to its average volume of 339,754. The company has a debt-to-equity ratio of 2.86, a quick ratio of 25.20 and a current ratio of 25.20.
On Deck Capital (NYSE:ONDK) last posted its earnings results on Wednesday, November 1st. The credit services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The business had revenue of $83.67 million for the quarter, compared to the consensus estimate of $84.49 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. analysts anticipate that On Deck Capital will post -0.19 EPS for the current year.
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In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the transaction, the executive now owns 154,440 shares of the company’s stock, valued at $713,512.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 25.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of ONDK. Dimensional Fund Advisors LP grew its position in On Deck Capital by 135.8% during the second quarter. Dimensional Fund Advisors LP now owns 399,386 shares of the credit services provider’s stock worth $1,862,000 after buying an additional 230,016 shares in the last quarter. Vanguard Group Inc. lifted its stake in On Deck Capital by 7.7% during the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock worth $15,593,000 after purchasing an additional 220,242 shares during the last quarter. Rothschild Capital Partners LLC bought a new stake in On Deck Capital during the third quarter worth $445,000. TIAA CREF Investment Management LLC lifted its stake in On Deck Capital by 39.9% during the second quarter. TIAA CREF Investment Management LLC now owns 318,236 shares of the credit services provider’s stock worth $1,483,000 after purchasing an additional 90,760 shares during the last quarter. Finally, State Street Corp lifted its stake in On Deck Capital by 10.6% during the second quarter. State Street Corp now owns 814,082 shares of the credit services provider’s stock worth $3,794,000 after purchasing an additional 78,345 shares during the last quarter. 53.91% of the stock is currently owned by institutional investors and hedge funds.
About On Deck Capital
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
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