On Deck Capital Inc. (ONDK) Raised to Strong-Buy at Vetr Inc.
On Deck Capital Inc. (NYSE:ONDK) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $6.60 price target on the stock. Vetr‘s price objective points to a potential upside of 24.29% from the stock’s current price.
ONDK has been the subject of a number of other research reports. Chardan Capital began coverage on shares of On Deck Capital in a research report on Thursday, August 4th. They set a “buy” rating and a $5.08 target price for the company. JPMorgan Chase & Co. decreased their price target on On Deck Capital from $8.00 to $6.50 and set a “neutral” rating for the company in a report on Tuesday, August 9th. FBR & Co restated a “market perform” rating and issued a $6.50 price target on shares of On Deck Capital in a report on Monday, June 13th. Janney Montgomery Scott began coverage on On Deck Capital in a report on Thursday, July 7th. They issued a “buy” rating and a $4.89 price target for the company. Finally, Jefferies Group restated a “hold” rating on shares of On Deck Capital in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. On Deck Capital currently has an average rating of “Hold” and an average price target of $8.36.
Shares of On Deck Capital (NYSE:ONDK) traded down 2.93% during trading on Monday, hitting $5.31. 119,398 shares of the stock 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 cap is $376.60 million. The firm has a 50 day moving average of $5.99 and a 200-day moving average of $5.92.
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On Deck Capital (NYSE:ONDK) last posted its earnings results on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.04. The firm earned $69.50 million during the quarter, compared to the consensus estimate of $67.83 million. On Deck Capital had a negative net margin of 11.75% and a negative return on equity of 9.58%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. On average, analysts forecast that On Deck Capital will post ($0.65) earnings per share for the current year.
In other On Deck Capital news, CFO Howard Katzenberg sold 24,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $5.23, for a total value of $125,520.00. Following the sale, the chief financial officer now directly owns 388,396 shares of the company’s stock, valued at $2,031,311.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 35.80% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of 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 raised its position in shares of On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock worth $6,389,000 after buying an additional 963,002 shares during the period. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of On Deck Capital during the second quarter worth approximately $4,311,000. Tricadia Capital Management LLC acquired a new position in shares of On Deck Capital during the second quarter worth approximately $4,196,000. Finally, Clearline Capital LP acquired a new position in shares of On Deck Capital during the second quarter worth approximately $3,680,000. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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