On Deck Capital (ONDK) Updates FY18 Earnings Guidance

On Deck Capital (NYSE:ONDK) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.20-0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $370-$382 million, compared to the consensus revenue estimate of $386.25 million.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded On Deck Capital from a sell rating to a hold rating in a research report on Wednesday, November 1st. BidaskClub downgraded On Deck Capital from a hold rating to a sell rating in a research report on Tuesday, October 31st. Stifel Nicolaus upped their price objective on On Deck Capital from $5.00 to $5.50 and gave the stock a hold rating in a research report on Tuesday, November 7th. Finally, BTIG Research restated a hold rating on shares of On Deck Capital in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $5.20.

Shares of On Deck Capital (ONDK) opened at $4.48 on Tuesday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 26.96 and a current ratio of 26.95. On Deck Capital has a 1 year low of $3.29 and a 1 year high of $6.36.

In other On Deck Capital news, CEO Noah Breslow acquired 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average cost of $4.94 per share, for a total transaction of $59,280.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 25.40% of the stock is owned by corporate insiders.

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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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