On Deck Capital Inc. (ONDK) Earns Neutral Rating from Analysts at Guggenheim
Analysts at Guggenheim started coverage on shares of On Deck Capital Inc. (NYSE:ONDK) in a report released on Tuesday, The Fly reports. The firm set a “neutral” rating on the stock.
Several other equities research analysts have also recently weighed in on the company. FBR & Co upped their price target on On Deck Capital from $6.00 to $6.50 and gave the stock a “mkt perform” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $7.00 target price on shares of On Deck Capital in a research note on Thursday, September 15th. Janney Montgomery Scott reissued a “fair value” rating and issued a $6.12 target price (down from $7.00) on shares of On Deck Capital in a research note on Wednesday, August 24th. Vetr cut On Deck Capital from a “sell” rating to a “strong sell” rating and set a $4.57 target price on the stock. in a research note on Monday, August 22nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of On Deck Capital in a research note on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. On Deck Capital currently has a consensus rating of “Hold” and an average target price of $8.25.
Shares of On Deck Capital (NYSE:ONDK) traded up 1.18% during mid-day trading on Tuesday, reaching $6.02. 373,752 shares of the company were exchanged. On Deck Capital has a 12 month low of $4.20 and a 12 month high of $12.85. The company’s market capitalization is $426.96 million. The firm’s 50-day moving average is $5.94 and its 200-day moving average is $6.07.
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On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. The company had revenue of $69.50 million for the quarter, compared to analysts’ expectations of $67.83 million. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts forecast that On Deck Capital will post ($0.66) earnings per share for the current fiscal year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $5.23, for a total value of $125,520.00. Following the transaction, the chief financial officer now owns 388,396 shares of the company’s stock, valued at $2,031,311.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 35.80% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in On Deck Capital by 118.4% in the second quarter. FMR LLC now owns 2,967,958 shares of the company’s stock valued at $15,285,000 after buying an additional 1,609,000 shares in the last quarter. BlackRock Fund Advisors boosted its stake in On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock valued at $6,389,000 after buying an additional 963,002 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new stake in On Deck Capital during the second quarter valued at about $4,311,000. Tricadia Capital Management LLC acquired a new stake in On Deck Capital during the second quarter valued at about $4,196,000. Finally, Clearline Capital LP acquired a new stake in On Deck Capital during the second quarter valued at about $3,680,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.
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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