On Deck Capital (ONDK) Given Hold Rating at BTIG Research

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

ONDK has been the subject of several other research reports. BidaskClub cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Zacks Investment Research cut shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus boosted their price target on shares of On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Finally, Jefferies Group reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. On Deck Capital presently has an average rating of “Hold” and a consensus target price of $5.25.

On Deck Capital (NYSE:ONDK) traded up $0.25 during midday trading on Wednesday, reaching $5.10. 1,075,397 shares of the company’s stock traded hands, compared to its average volume of 524,374. The company has a quick ratio of 26.96, a current ratio of 26.95 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 firm has a market cap of $329.89, a PE ratio of -6.99 and a beta of 1.96.

On Deck Capital (NYSE:ONDK) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $87.48 million. During the same quarter in the previous year, the business posted ($0.50) EPS. The firm’s revenue was up 7.2% on a year-over-year basis. sell-side analysts predict that On Deck Capital will post -0.22 earnings per share for the current year.

In related news, CEO Noah Breslow bought 12,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was acquired at an average price of $4.94 per share, for a total transaction of $59,280.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 25.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of On Deck Capital by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 52,386 shares of the credit services provider’s stock valued at $244,000 after buying an additional 300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of On Deck Capital by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,009 shares of the credit services provider’s stock valued at $737,000 after buying an additional 931 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of On Deck Capital by 7.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,293 shares of the credit services provider’s stock valued at $211,000 after buying an additional 3,262 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of On Deck Capital by 13.4% in the 2nd quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after buying an additional 4,010 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of On Deck Capital by 1.2% in the 2nd quarter. Northern Trust Corp now owns 508,431 shares of the credit services provider’s stock valued at $2,369,000 after buying an additional 6,047 shares in the last quarter. Institutional investors and hedge funds own 56.74% of the company’s stock.

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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.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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