On Deck Capital Inc. (ONDK) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Several other equities analysts have also recently commented on the company. Janney Montgomery Scott reiterated a fair value rating and set a $6.12 target price (down from $7.00) on shares of On Deck Capital in a research note on Wednesday, August 24th. Vetr cut On Deck Capital from a sell rating to a strong sell rating and set a $4.57 target price for the company. in a research note on Monday, August 22nd. Needham & Company LLC reiterated a hold rating on shares of On Deck Capital in a research note on Thursday, August 11th. BTIG Research reiterated a hold rating on shares of On Deck Capital in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reduced their target price on On Deck Capital from $8.00 to $6.50 and set a neutral rating for the company in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. On Deck Capital presently has an average rating of Hold and a consensus price target of $8.25.
On Deck Capital (NYSE:ONDK) opened at 6.02 on Thursday. The firm has a 50-day moving average of $5.96 and a 200 day moving average of $6.06. On Deck Capital has a 52 week low of $4.20 and a 52 week high of $12.85. The firm’s market capitalization is $426.96 million.
On Deck Capital (NYSE:ONDK) last released its earnings results on Monday, August 8th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. The company earned $69.50 million during the quarter, compared to analysts’ expectations of $67.83 million. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Analysts predict that On Deck Capital will post ($0.66) earnings per share for the current year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $4.92, for a total transaction of $118,080.00. Following the transaction, the chief financial officer now directly owns 412,396 shares of the company’s stock, valued at $2,028,988.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 35.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in On Deck Capital by 118.4% in the second quarter. FMR LLC now owns 2,967,958 shares of the company’s stock worth $15,285,000 after buying an additional 1,609,000 shares during the last quarter. BlackRock Fund Advisors raised its position in On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock worth $6,389,000 after buying an additional 963,002 shares during the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd purchased a new position in On Deck Capital during the second quarter worth about $4,311,000. Tricadia Capital Management LLC purchased a new position in On Deck Capital during the second quarter worth about $4,196,000. Finally, Clearline Capital LP purchased a new position in On Deck Capital during the second quarter worth about $3,680,000. 79.33% of the stock is currently owned by hedge funds and other institutional investors.
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.
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