FBR & Co Boosts On Deck Capital Inc. (ONDK) Price Target to $6.50
On Deck Capital Inc. (NYSE:ONDK) had its target price increased by FBR & Co from $6.00 to $6.50 in a research report report published on Friday. The brokerage currently has a mkt perform rating on the stock.
ONDK has been the topic of several other reports. Chardan Capital began coverage on shares of On Deck Capital in a research report on Thursday, August 4th. They issued a buy rating and a $5.08 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of On Deck Capital from $8.00 to $6.50 and set a neutral rating on the stock in a report on Tuesday, August 9th. Vetr upgraded shares of On Deck Capital from a buy rating to a strong-buy rating and set a $5.95 price target on the stock in a report on Tuesday, July 19th. Janney Montgomery Scott assumed coverage on shares of On Deck Capital in a report on Thursday, July 7th. They issued a buy rating and a $4.89 price target on the stock. Finally, Jefferies Group restated a hold rating on shares of On Deck Capital in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $8.25.
Shares of On Deck Capital (NYSE:ONDK) opened at 5.99 on Friday. The stock’s market capitalization is $424.83 million. The company’s 50-day moving average is $5.99 and its 200 day moving average is $6.06. On Deck Capital has a 52 week low of $4.20 and a 52 week high of $12.85.
On Deck Capital (NYSE:ONDK) last released its earnings results on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. On Deck Capital had a negative net margin of 11.75% and a negative return on equity of 9.58%. The business had revenue of $69.50 million for the quarter, compared to analysts’ expectations of $67.83 million. During the same period last year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that On Deck Capital will post ($0.65) EPS for the current fiscal year.
In other On Deck Capital news, CFO Howard Katzenberg sold 24,000 shares of On Deck Capital stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $5.23, for a total value of $125,520.00. Following the completion of the transaction, the chief financial officer now owns 388,396 shares of the company’s stock, valued at $2,031,311.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 35.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ONDK. State Street Corp increased its position in shares of On Deck Capital by 7.2% in the first quarter. State Street Corp now owns 181,899 shares of the company’s stock valued at $1,419,000 after buying an additional 12,288 shares during the period. BlackRock Advisors LLC increased its position in shares of On Deck Capital by 146.1% in the second quarter. BlackRock Advisors LLC now owns 23,420 shares of the company’s stock valued at $121,000 after buying an additional 13,905 shares during the period. Geode Capital Management LLC increased its position in shares of On Deck Capital by 7.2% in the first quarter. Geode Capital Management LLC now owns 227,683 shares of the company’s stock valued at $1,773,000 after buying an additional 15,344 shares during the period. Parametric Portfolio Associates LLC purchased a new position in shares of On Deck Capital during the second quarter valued at about $107,000. Finally, American International Group Inc. increased its position in shares of On Deck Capital by 307.3% in the second quarter. American International Group Inc. now owns 27,624 shares of the company’s stock valued at $142,000 after buying an additional 20,842 shares during the period. 79.33% of the stock is owned by hedge funds and other institutional investors.
About On Deck Capital
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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