On Deck Capital (NYSE:ONDK) was upgraded by Morgan Stanley from an “underweight” rating to an “equal” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $3.50 price objective on the credit services provider’s stock, down from their prior price objective of $4.00. Morgan Stanley’s price objective would indicate a potential upside of 3.24% from the company’s previous close.

ONDK has been the subject of a number of other research reports. Zacks Investment Research lowered shares of On Deck Capital from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Stephens set a $6.00 price target on shares of On Deck Capital and gave the company a “hold” rating in a report on Friday, May 3rd. UBS Group lowered shares of On Deck Capital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.00 in a report on Thursday, August 1st. BTIG Research raised shares of On Deck Capital from a “neutral” rating to a “buy” rating and set a $4.25 price target for the company in a report on Tuesday, July 30th. Finally, Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. On Deck Capital has a consensus rating of “Hold” and a consensus price target of $6.18.

Shares of On Deck Capital stock opened at $3.39 on Wednesday. The company has a debt-to-equity ratio of 2.65, a current ratio of 15.81 and a quick ratio of 15.81. The firm has a market cap of $253.32 million, a P/E ratio of 7.88 and a beta of 1.85. The firm has a 50 day simple moving average of $3.67 and a 200 day simple moving average of $4.82. On Deck Capital has a fifty-two week low of $2.88 and a fifty-two week high of $9.05.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, July 29th. The credit services provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $110.25 million during the quarter, compared to analyst estimates of $110.11 million. On Deck Capital had a net margin of 7.85% and a return on equity of 10.90%. On Deck Capital’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, sell-side analysts expect that On Deck Capital will post 0.25 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new position in shares of On Deck Capital during the second quarter worth $28,000. Alpine Woods Capital Investors LLC bought a new position in shares of On Deck Capital during the second quarter worth $42,000. Marshall Wace LLP bought a new position in shares of On Deck Capital during the first quarter worth $42,000. Paloma Partners Management Co bought a new position in shares of On Deck Capital during the second quarter worth $46,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of On Deck Capital by 1,079.9% during the first quarter. BNP Paribas Arbitrage SA now owns 11,362 shares of the credit services provider’s stock worth $62,000 after purchasing an additional 10,399 shares in the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

On Deck Capital Company Profile

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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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