On Deck Capital, Inc. (NYSE:ONDK) Given Average Recommendation of “Hold” by Brokerages
On Deck Capital, Inc. (NYSE:ONDK) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.84.
Several equities analysts have recently issued reports on ONDK shares. Zacks Investment Research lowered On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus started coverage on On Deck Capital in a research note on Wednesday, April 19th. They set a “buy” rating and a $6.00 price target on the stock. FBR & Co cut their price target on 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 8th. Jefferies Group LLC cut their price target on 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. Finally, ValuEngine raised On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
On Deck Capital (ONDK) traded up 1.500% on Tuesday, reaching $5.075. The company had a trading volume of 428,606 shares. On Deck Capital has a 12 month low of $3.29 and a 12 month high of $6.46. The company’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.59. The company’s market capitalization is $367.85 million.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. On Deck Capital had a negative return on equity of 28.89% and a negative net margin of 25.33%. The business had revenue of $86.70 million for the quarter, compared to analyst estimates of $88.53 million. During the same quarter in the prior year, the firm posted ($0.25) earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, equities analysts predict that On Deck Capital will post ($0.02) 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 stock in a transaction on Tuesday, May 30th. The stock was bought at an average cost of $3.59 per share, for a total transaction of $35,900.00. Following the completion of the acquisition, the director now directly owns 77,985 shares of the company’s stock, valued at $279,966.15. The transaction 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 stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $3.57 per share, with a total value of $49,980.00. Following the completion of the acquisition, the chief executive officer now directly owns 213,117 shares of the company’s stock, valued at $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. Insiders own 25.40% of the company’s stock.
Several large investors have recently made changes to their positions in ONDK. EJF Capital LLC increased its stake in shares of 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 period. Renaissance Technologies LLC increased its stake in shares of On Deck Capital by 144.7% in the fourth quarter. Renaissance Technologies LLC now owns 776,800 shares of the credit services provider’s stock valued at $3,597,000 after buying an additional 459,300 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 period. Russell Investments Group Ltd. acquired a new stake in shares of On Deck Capital during the fourth quarter valued at about $636,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of On Deck Capital by 364.8% in the first quarter. Dimensional Fund Advisors LP now owns 169,370 shares of the credit services provider’s stock valued at $853,000 after buying an additional 132,927 shares during the period. Institutional investors own 58.41% 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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