On Deck Capital Inc (NYSE:ONDK) had its price objective reduced by Jefferies Group LLC from $5.40 to $5.00 in a research note issued to investors on Wednesday, May 10th. The brokerage presently has a “hold” rating on the credit services provider’s stock. Jefferies Group LLC’s target price suggests a potential upside of 47.93% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus downgraded shares of On Deck Capital from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.00 to $4.50 in a research note on Tuesday, May 9th. FBR & Co dropped their price objective on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating for the company in a report on Monday, May 8th. Zacks Investment Research cut shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Canaccord Genuity restated a “hold” rating and issued a $6.00 price objective on shares of On Deck Capital in a report on Wednesday, March 1st. Thirteen equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.71.
Shares of On Deck Capital (NYSE:ONDK) traded up 0.30% on Wednesday, hitting $3.39. The stock had a trading volume of 523,853 shares. On Deck Capital has a 12 month low of $3.29 and a 12 month high of $6.46. The stock’s market cap is $245.72 million. The company has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.69.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings results 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. The business had revenue of $92.90 million for the quarter, compared to the consensus estimate of $90.18 million. On Deck Capital had a negative net margin of 18.67% and a negative return on equity of 16.33%. The business’s revenue was up 48.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. On average, equities research analysts anticipate that On Deck Capital will post ($0.03) earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. increased its position 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 worth $149,000 after buying an additional 1,940 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of On Deck Capital during the first quarter worth approximately $182,000. Dimensional Fund Advisors LP purchased a new position in shares of On Deck Capital during the fourth quarter worth approximately $169,000. Wells Fargo & Company MN increased its position in shares of On Deck Capital by 123.8% in the third quarter. Wells Fargo & Company MN now owns 37,560 shares of the credit services provider’s stock worth $214,000 after buying an additional 20,776 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of On Deck Capital during the fourth quarter worth approximately $190,000. Hedge funds and other institutional investors 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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