Morgan Stanley Raises On Deck Capital (ONDK) Price Target to $5.50

On Deck Capital (NYSE:ONDK) had its price objective increased by investment analysts at Morgan Stanley from $5.00 to $5.50 in a report released on Wednesday. The brokerage currently has an “equal weight” rating on the credit services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 11.79% from the company’s current price.

Several other research firms have also recently weighed in on ONDK. BTIG Research reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday. Jefferies Group reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday. Zacks Investment Research cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus lifted their price target on shares of On Deck Capital from $5.00 to $5.50 and gave the company a “hold” rating in a report on Tuesday, November 7th. Finally, BidaskClub cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.25.

Shares of On Deck Capital (ONDK) traded up $0.07 during midday trading on Wednesday, hitting $4.92. 440,656 shares of the company traded hands, compared to its average volume of 492,333. The company has a current ratio of 26.95, a quick ratio of 26.96 and a debt-to-equity ratio of 2.78. 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 P/E ratio of -6.77 and a beta of 1.96.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, February 13th. The credit services provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. On Deck Capital had a negative net margin of 15.21% and a negative return on equity of 20.13%. The company had revenue of $87.74 million for the quarter, compared to the consensus estimate of $87.48 million. During the same period in the previous year, the firm earned ($0.50) earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts predict that On Deck Capital will post -0.22 EPS for the current year.

In related news, CEO Noah Breslow purchased 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were acquired at an average price of $4.94 per share, for a total transaction of $59,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 25.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of On Deck Capital by 60.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,128,900 shares of the credit services provider’s stock valued at $6,480,000 after buying an additional 426,700 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of On Deck Capital by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 372,345 shares of the credit services provider’s stock valued at $2,136,000 after buying an additional 18,877 shares in the last quarter. EAM Investors LLC bought a new stake in shares of On Deck Capital during the 4th quarter valued at $1,831,000. Citadel Advisors LLC boosted its holdings in shares of On Deck Capital by 21.3% during the 4th quarter. Citadel Advisors LLC now owns 145,419 shares of the credit services provider’s stock valued at $835,000 after buying an additional 25,526 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of On Deck Capital by 2.8% during the 4th quarter. BlackRock Inc. now owns 2,990,274 shares of the credit services provider’s stock valued at $17,163,000 after buying an additional 81,537 shares in the last quarter. Hedge funds and other institutional investors own 56.74% of the company’s stock.

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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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