On Deck Capital, Inc. (ONDK) Given Average Recommendation of “Hold” by Brokerages
On Deck Capital, Inc. (NYSE:ONDK) has been assigned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.76.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. FBR & Co dropped their price objective on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 15th. Jefferies Group LLC dropped their price objective on shares of On Deck Capital from $5.40 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, May 10th. ValuEngine upgraded shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $6.00 to $4.50 in a research note on Tuesday, May 9th.
On Deck Capital (NYSE ONDK) remained flat at $4.19 during midday trading on Monday. 27,440 shares of the stock were exchanged. The firm’s market cap is $303.70 million. The company has a 50 day moving average of $4.01 and a 200 day moving average of $4.59. On Deck Capital has a 52-week low of $3.29 and a 52-week high of $6.46.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Monday, May 8th. The credit services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. On Deck Capital had a negative net margin of 25.33% and a negative return on equity of 28.89%. The firm had revenue of $92.90 million for the quarter, compared to the consensus estimate of $90.18 million. During the same period last year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was up 48.4% on a year-over-year basis. Equities research analysts expect that On Deck Capital will post ($0.03) earnings per share for the current fiscal year.
In related news, Director Bruce P. Nolop acquired 10,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $3.59 per share, for a total transaction of $35,900.00. Following the completion of the purchase, the director now owns 77,985 shares of the company’s stock, valued at approximately $279,966.15. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Noah Breslow acquired 14,000 shares of the stock in a transaction dated Friday, May 26th. The shares were bought at an average price of $3.57 per share, with a total value of $49,980.00. Following the completion of the purchase, the chief executive officer now directly owns 213,117 shares of the company’s stock, valued at approximately $760,827.69. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 39,000 shares of company stock valued at $139,280. 25.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. EJF Capital LLC increased its stake in On Deck Capital by 81.2% in the first quarter. EJF Capital LLC now owns 5,777,030 shares of the credit services provider’s stock valued at $29,116,000 after buying an additional 2,588,550 shares during the last quarter. Sapphire Ventures L.L.C. bought a new stake in On Deck Capital during the fourth quarter valued at approximately $26,328,000. Vanguard Group Inc. increased its stake in On Deck Capital by 7.7% in the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after buying an additional 220,242 shares during the last quarter. FMR LLC increased its stake in On Deck Capital by 1.5% in the fourth quarter. FMR LLC now owns 2,650,458 shares of the credit services provider’s stock valued at $12,271,000 after buying an additional 40,400 shares during the last quarter. Finally, Tricadia Capital Management LLC increased its stake in On Deck Capital by 8.2% in the first quarter. Tricadia Capital Management LLC now owns 1,233,637 shares of the credit services provider’s stock valued at $6,218,000 after buying an additional 93,643 shares during the last quarter. Institutional investors and hedge funds own 58.34% of the company’s stock.
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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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