On Deck Capital, Inc. (NYSE:ONDK) Downgraded by BidaskClub to “Strong Sell”
On Deck Capital, Inc. (NYSE:ONDK) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.
ONDK has been the subject of several other reports. Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $5.00 target price on shares of On Deck Capital in a research note on Friday, July 14th. Stifel Nicolaus downgraded 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. FBR & Co lowered their target price on On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating for the company in a research note on Monday, May 15th. Finally, ValuEngine upgraded On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. On Deck Capital currently has a consensus rating of “Hold” and a consensus target price of $5.71.
On Deck Capital (NYSE ONDK) traded up 0.67% on Wednesday, reaching $4.52. The company had a trading volume of 209,215 shares. The stock’s market capitalization is $327.62 million. The firm has a 50-day moving average of $4.37 and a 200-day moving average of $4.63. On Deck Capital has a 12 month low of $3.29 and a 12 month high of $6.46.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Monday, May 8th. The credit services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. On Deck Capital had a negative return on equity of 28.89% and a negative net margin of 25.33%. The firm had revenue of $92.90 million during the quarter, compared to the consensus estimate of $90.18 million. During the same period in the prior year, the firm earned ($0.18) EPS. The firm’s quarterly revenue was up 48.4% compared to the same quarter last year. On average, equities research analysts expect that On Deck Capital will post ($0.03) earnings per share for the current fiscal year.
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In other On Deck Capital news, Director Bruce P. Nolop purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $3.59 per share, with a total value of $35,900.00. Following the completion of the acquisition, the director now owns 77,985 shares in the company, valued at approximately $279,966.15. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Noah Breslow purchased 14,000 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average cost of $3.57 per share, for a total transaction of $49,980.00. Following the acquisition, the chief executive officer now owns 213,117 shares of the company’s stock, valued at approximately $760,827.69. The disclosure for this purchase can be found here. Insiders acquired 39,000 shares of company stock worth $139,280 in the last three months. 25.40% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in ONDK. Geode Capital Management LLC boosted its stake in On Deck Capital by 17.4% in the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 49,524 shares during the period. Vanguard Group Inc. boosted 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 worth $15,593,000 after buying an additional 220,242 shares during the period. American International Group Inc. boosted its stake in On Deck Capital by 7.0% in the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock worth $149,000 after buying an additional 1,940 shares during the period. Tricadia Capital Management LLC boosted 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 worth $6,218,000 after buying an additional 93,643 shares during the period. Finally, Conservest Capital Advisors Inc. acquired a new stake in On Deck Capital during the first quarter worth $234,000. 58.34% of the stock is currently owned by institutional investors.
On Deck Capital Company Profile
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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