On Deck Capital, Inc. (ONDK) Rating Lowered to Hold at Zacks Investment Research
On Deck Capital, Inc. (NYSE:ONDK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.
According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “
Other equities research analysts have also issued reports about the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a research report on Friday, July 14th. Stifel Nicolaus lowered On Deck Capital from a “buy” rating to a “hold” rating and dropped their target price for the stock from $6.00 to $4.50 in a research report on Tuesday, May 9th. FBR & Co dropped their target price on On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating on the stock in a research report on Monday, May 8th. ValuEngine raised On Deck Capital from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised On Deck Capital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.66.
On Deck Capital (NYSE ONDK) opened at 4.74 on Friday. On Deck Capital has a 1-year low of $3.29 and a 1-year high of $6.46. The stock has a 50 day moving average of $4.61 and a 200 day moving average of $4.55. The stock’s market cap is $346.65 million.
On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The business had revenue of $86.70 million for the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.25) EPS. Equities analysts expect that On Deck Capital will post ($0.03) earnings per share for the current year.
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In other news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the transaction, the executive now directly owns 154,440 shares of the company’s stock, valued at $713,512.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ONDK. EJF Capital LLC boosted its position in shares of On Deck Capital by 81.2% in the first quarter. EJF Capital LLC now owns 5,777,030 shares of the credit services provider’s stock valued at $29,116,000 after buying an additional 2,588,550 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of On Deck Capital by 135.8% in the second quarter. Dimensional Fund Advisors LP now owns 399,386 shares of the credit services provider’s stock valued at $1,862,000 after buying an additional 230,016 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of On Deck Capital by 7.7% in the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after buying an additional 220,242 shares in the last quarter. Tricadia Capital Management LLC boosted its position in shares of On Deck Capital by 8.2% in the first quarter. Tricadia Capital Management LLC now owns 1,233,637 shares of the credit services provider’s stock valued at $6,218,000 after buying an additional 93,643 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of On Deck Capital by 39.9% in the second quarter. TIAA CREF Investment Management LLC now owns 318,236 shares of the credit services provider’s stock valued at $1,483,000 after buying an additional 90,760 shares in the last quarter. 53.78% of the stock is currently owned by institutional investors.
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.
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