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 Thursday, April 20th.
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 stock. Stifel Nicolaus assumed coverage on shares of On Deck Capital in a report on Wednesday, April 19th. They issued a “buy” rating and a $6.00 target price on the stock. FBR & Co restated a “hold” rating on shares of On Deck Capital in a report on Friday, March 24th. Finally, Canaccord Genuity restated a “hold” rating and set a $6.00 price objective on shares of On Deck Capital in a report on Wednesday, March 1st. Thirteen analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. On Deck Capital presently has a consensus rating of “Hold” and a consensus price target of $5.71.
Shares of On Deck Capital (NYSE:ONDK) traded up 1.18% during trading on Thursday, hitting $3.42. The stock had a trading volume of 287,995 shares. On Deck Capital has a one year low of $3.29 and a one year high of $6.46. The firm’s market cap is $247.89 million. The firm’s 50-day moving average is $4.42 and its 200-day moving average is $4.70.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, May 8th. The credit services provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. On Deck Capital had a negative net margin of 18.67% and a negative return on equity of 16.33%. The firm had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $90.18 million. During the same period last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was up 48.4% on a year-over-year basis. Equities research analysts forecast that On Deck Capital will post ($0.03) EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in On Deck Capital by 42.5% in the fourth quarter. Teachers Advisors LLC now owns 110,994 shares of the credit services provider’s stock worth $514,000 after buying an additional 33,081 shares in the last quarter. Sapphire Ventures L.L.C. bought a new position in On Deck Capital during the fourth quarter worth about $26,328,000. Two Sigma Investments LP bought a new position in On Deck Capital during the fourth quarter worth about $190,000. Renaissance Technologies LLC boosted its position in On Deck Capital by 144.7% in the fourth quarter. Renaissance Technologies LLC now owns 776,800 shares of the credit services provider’s stock worth $3,597,000 after buying an additional 459,300 shares in the last quarter. Finally, FMR LLC raised its stake in On Deck Capital by 1.5% in the fourth quarter. FMR LLC now owns 2,650,458 shares of the credit services provider’s stock worth $12,271,000 after buying an additional 40,400 shares during the last quarter. Institutional investors and hedge funds own 74.59% of the company’s stock.
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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