Equities analysts expect On Deck Capital, Inc. (NYSE:ONDK) to post $84.44 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for On Deck Capital’s earnings, with the lowest sales estimate coming in at $83.40 million and the highest estimate coming in at $85.47 million. On Deck Capital posted sales of $77.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is expected to announce its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that On Deck Capital will report full-year sales of $84.44 million for the current year, with estimates ranging from $344.26 million to $351.77 million. For the next fiscal year, analysts anticipate that the firm will post sales of $379.02 million per share, with estimates ranging from $365.44 million to $399.43 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow On Deck Capital.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $86.70 million during the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The company’s revenue was up 24.7% on a year-over-year basis. During the same period last year, the company earned ($0.25) earnings per share.

ONDK has been the topic of several recent research reports. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. 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 report on Monday, May 15th. ValuEngine upgraded On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.66.

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Shares of On Deck Capital (NYSE:ONDK) traded up 1.28% during mid-day trading on Monday, reaching $4.73. The company had a trading volume of 97,409 shares. The company’s market cap is $345.92 million. On Deck Capital has a 52-week low of $3.29 and a 52-week high of $6.34. The firm’s 50-day moving average price is $4.63 and its 200 day moving average price is $4.52.

In related news, CRO Andrea Gellert sold 25,147 shares of On Deck Capital stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the sale, the executive now directly owns 154,440 shares in the company, valued at $713,512.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 25.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its position in On Deck Capital by 28.4% in the second quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock worth $131,000 after buying an additional 6,202 shares during the last quarter. American International Group Inc. grew its position in shares of 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 valued at $149,000 after purchasing an additional 1,940 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of On Deck Capital by 58.2% in the second quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 11,751 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of On Deck Capital by 13.4% in the second quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 4,010 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC grew its position in shares of On Deck Capital by 40.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 10,000 shares in the last quarter. 53.78% of the stock is owned by institutional investors and hedge funds.

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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