On Deck Capital, Inc. (NYSE:ONDK) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other analysts also recently issued reports on ONDK. Zacks Investment Research upgraded shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Friday, July 14th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.00.

On Deck Capital (NYSE:ONDK) last posted its quarterly earnings data on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The company had revenue of $86.70 million for the quarter, compared to the consensus estimate of $88.53 million. During the same period last year, the company earned ($0.25) earnings per share. The firm’s revenue was up 24.7% compared to the same quarter last year.

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In related news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the transaction, the executive now directly owns 154,440 shares of the company’s stock, valued at $713,512.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 25.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in shares of On Deck Capital by 0.6% in the second 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. grew its stake in shares of On Deck Capital by 0.6% in the second 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. American International Group Inc. grew its stake in shares of On Deck Capital by 7.0% in the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after buying an additional 1,940 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of On Deck Capital by 7.8% in the second 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. Finally, Nationwide Fund Advisors grew its stake in shares of On Deck Capital by 13.4% in the second 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. 53.79% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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