On Deck Capital (ONDK) Releases Earnings Results, Beats Estimates By $0.02 EPS

On Deck Capital (NYSE:ONDK) released its earnings results on Tuesday. The credit services provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02, Morningstar.com reports. The firm had revenue of $87.74 million for the quarter, compared to analysts’ expectations of $87.48 million. On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. On Deck Capital updated its FY18 guidance to $0.20-0.36 EPS.

Shares of On Deck Capital (ONDK) traded up $0.11 during midday trading on Wednesday, hitting $4.96. The company had a trading volume of 383,559 shares, compared to its average volume of 491,803. The company has a quick ratio of 26.96, a current ratio of 26.95 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $329.89, a price-to-earnings ratio of -6.77 and a beta of 1.96. On Deck Capital has a 12-month low of $3.29 and a 12-month high of $6.36.

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

Institutional investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in On Deck Capital by 4,393.3% during the fourth quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock worth $139,000 after buying an additional 23,680 shares during the period. Voya Investment Management LLC lifted its holdings in On Deck Capital by 28.4% during 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 period. Acadian Asset Management LLC purchased a new stake in On Deck Capital during the fourth quarter worth $183,000. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 11,751 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in On Deck Capital by 13.4% during the second quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock worth $158,000 after buying an additional 4,010 shares during the period. Institutional investors own 56.74% of the company’s stock.

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on On Deck Capital from $5.00 to $5.50 and gave the company an “equal weight” rating in a report on Wednesday. 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. Stifel Nicolaus boosted their price target on 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 upgraded On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned 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.

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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.

Earnings History for On Deck Capital (NYSE:ONDK)

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