On Deck Capital (ONDK) Trading 6.4% Higher

On Deck Capital, Inc. (NYSE:ONDK) shares traded up 6.4% during trading on Tuesday . The company traded as high as $5.34 and last traded at $5.33. 520,300 shares were traded during trading, an increase of 10% from the average session volume of 472,331 shares. The stock had previously closed at $5.01.

ONDK has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, November 7th. BTIG Research reissued a “hold” rating on shares of On Deck Capital in a report on Tuesday, November 7th. BidaskClub raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.20.

The company has a current ratio of 26.95, a quick ratio of 26.96 and a debt-to-equity ratio of 2.78.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Monday, November 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $83.67 million for the quarter, compared to analysts’ expectations of $84.49 million. On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted ($0.18) EPS. analysts anticipate that On Deck Capital, Inc. will post -0.22 EPS for the current fiscal year.

In other On Deck Capital news, CEO Noah Breslow purchased 12,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were purchased at an average price of $4.94 per share, with a total value of $59,280.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 25.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of On Deck Capital by 28.4% during the 2nd quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 6,202 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of On Deck Capital by 58.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 11,751 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of On Deck Capital by 13.4% during the 2nd quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 4,010 shares during the last quarter. Alpine Woods Capital Investors LLC increased its position in shares of On Deck Capital by 40.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of On Deck Capital during the 1st quarter valued at about $182,000. Hedge funds and other institutional investors own 56.55% of the company’s stock.

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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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