Jefferies Group Reaffirms Hold Rating for On Deck Capital (ONDK)

On Deck Capital (NYSE:ONDK)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a note issued to investors on Wednesday.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus increased their target price on On Deck Capital from $5.00 to $5.50 and gave the company a “hold” rating in a report on Tuesday, November 7th. BidaskClub raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BTIG Research reissued a “hold” rating on shares of On Deck Capital in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.25.

On Deck Capital (ONDK) traded up $0.25 during trading on Wednesday, hitting $5.10. The company had a trading volume of 1,075,397 shares, compared to its average volume of 524,374. The company has a debt-to-equity ratio of 2.78, a current ratio of 26.95 and a quick ratio of 26.96. On Deck Capital has a 12 month low of $3.29 and a 12 month high of $6.36. The stock has a market capitalization of $329.89, a PE ratio of -6.99 and a beta of 1.96.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The company had revenue of $87.74 million for the quarter, compared to analysts’ expectations of $87.48 million. During the same period last year, the firm posted ($0.50) earnings per share. On Deck Capital’s revenue was up 7.2% compared to the same quarter last year. research analysts anticipate that On Deck Capital will post -0.22 earnings per share for the current fiscal year.

In other news, CEO Noah Breslow bought 12,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were bought at an average price of $4.94 per share, with a total value of $59,280.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ONDK. Schwab Charles Investment Management Inc. raised its stake in shares of On Deck Capital by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 158,009 shares of the credit services provider’s stock worth $737,000 after buying an additional 931 shares during the period. Swiss National Bank grew its position in shares of On Deck Capital by 43.9% during the second quarter. Swiss National Bank now owns 75,400 shares of the credit services provider’s stock worth $351,000 after purchasing an additional 23,000 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of On Deck Capital by 58.2% during the second quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock worth $149,000 after purchasing an additional 11,751 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of On Deck Capital by 0.6% during the second quarter. Wells Fargo & Company MN now owns 52,386 shares of the credit services provider’s stock worth $244,000 after purchasing an additional 300 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of On Deck Capital by 43.4% during the second quarter. Alliancebernstein L.P. now owns 72,700 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 22,000 shares in the last quarter. 56.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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