Zacks Investment Research upgraded shares of On Deck Capital (NYSE:ONDK) from a hold rating to a buy rating in a research note released on Saturday morning. The brokerage currently has $5.75 price objective on the credit services provider’s stock.
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. “
A number of other equities analysts have also recently weighed in on ONDK. Stifel Nicolaus increased their price objective on shares of On Deck Capital from $5.00 to $5.50 and gave the stock a hold rating in a research report on Tuesday, November 7th. BidaskClub cut shares of On Deck Capital from a hold rating to a sell rating in a research report on Tuesday, October 31st. BTIG Research reaffirmed a hold rating on shares of On Deck Capital in a research report on Tuesday, November 7th. Morgan Stanley increased their price objective on shares of On Deck Capital from $5.00 to $5.50 and gave the stock an equal weight rating in a research report on Wednesday. Finally, Jefferies Group reaffirmed a hold rating on shares of On Deck Capital in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $5.29.
On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. On Deck Capital had a negative net margin of 3.29% and a negative return on equity of 4.44%. The business had revenue of $87.74 million during the quarter, compared to analysts’ expectations of $87.48 million. During the same quarter in the prior year, the company posted ($0.50) EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts forecast that On Deck Capital will post 0.08 earnings per share for the current year.
In related news, CEO Noah Breslow acquired 12,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was 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 is accessible through the SEC website. Company insiders own 25.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new position in On Deck Capital in the 4th quarter valued at approximately $143,000. TIAA CREF Investment Management LLC boosted its position in On Deck Capital by 11.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 452,577 shares of the credit services provider’s stock valued at $2,598,000 after buying an additional 48,252 shares during the period. Two Sigma Investments LP boosted its position in On Deck Capital by 232.7% in the 4th quarter. Two Sigma Investments LP now owns 265,036 shares of the credit services provider’s stock valued at $1,521,000 after buying an additional 185,377 shares during the period. Two Sigma Advisers LP boosted its position in On Deck Capital by 1,842.2% in the 4th quarter. Two Sigma Advisers LP now owns 211,700 shares of the credit services provider’s stock valued at $1,215,000 after buying an additional 200,800 shares during the period. Finally, Ellington Management Group LLC purchased a new position in On Deck Capital in the 4th quarter valued at approximately $169,000. 56.74% of the stock is owned by institutional investors.
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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