On Deck Capital (NYSE:ONDK) was downgraded by investment analysts at Maxim Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.
The analysts wrote, “4Q18 results were strong, with gross revenue and non-GAAP EPS both above consensus and guidance, and with adjusted EBITDA above consensus (management does not give guidance on adjusted EBITDA).””
A number of other brokerages have also commented on ONDK. ValuEngine upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. B. Riley set a $14.00 price target on shares of On Deck Capital and gave the company a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $9.25 target price on the stock in a research report on Wednesday, November 14th. Janney Montgomery Scott set a $12.00 target price on shares of On Deck Capital and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, UBS Group upgraded shares of On Deck Capital from a “neutral” rating to a “buy” rating and increased their target price for the stock from $9.00 to $11.00 in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $9.54.
Shares of NYSE:ONDK opened at $6.44 on Wednesday. The company has a current ratio of 29.62, a quick ratio of 29.62 and a debt-to-equity ratio of 2.80. On Deck Capital has a one year low of $4.67 and a one year high of $9.41. The stock has a market cap of $571.85 million, a price-to-earnings ratio of -40.25 and a beta of 1.93.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Tuesday, February 12th. The credit services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. On Deck Capital had a net margin of 4.97% and a return on equity of 9.36%. The firm had revenue of $109.48 million for the quarter, compared to analysts’ expectations of $105.27 million. During the same period in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities analysts forecast that On Deck Capital will post 0.38 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new stake in shares of On Deck Capital during the 4th quarter worth approximately $4,083,000. J. Goldman & Co LP acquired a new stake in shares of On Deck Capital during the 4th quarter worth approximately $2,524,000. Two Sigma Investments LP bought a new position in On Deck Capital in the 4th quarter valued at approximately $190,000. State Street Corp lifted its stake in On Deck Capital by 4.0% in the 4th quarter. State Street Corp now owns 714,346 shares of the credit services provider’s stock valued at $3,305,000 after purchasing an additional 27,493 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in On Deck Capital by 144.7% in the 4th quarter. Renaissance Technologies LLC now owns 776,800 shares of the credit services provider’s stock valued at $3,597,000 after purchasing an additional 459,300 shares during the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.
About On Deck Capital
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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