FBR & Co Boosts On Deck Capital Inc. (ONDK) Price Target to $6.50
Other research analysts have also issued reports about the company. Jefferies Group reiterated a hold rating on shares of On Deck Capital in a research note on Friday, June 10th. BTIG Research reiterated a hold rating on shares of On Deck Capital in a research note on Tuesday, August 9th. Morgan Stanley reiterated a hold rating on shares of On Deck Capital in a research note on Friday, June 10th. JPMorgan Chase & Co. dropped their price objective on On Deck Capital from $8.00 to $6.50 and set a neutral rating for the company in a research note on Tuesday, August 9th. Finally, Vetr upgraded On Deck Capital from a buy rating to a strong-buy rating and set a $5.75 price objective for the company in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. On Deck Capital presently has an average rating of Hold and an average target price of $8.25.
On Deck Capital (NYSE:ONDK) opened at 5.99 on Friday. The firm’s market cap is $424.83 million. On Deck Capital has a one year low of $4.20 and a one year high of $12.85. The stock’s 50 day moving average is $5.99 and its 200 day moving average is $6.06.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The firm earned $69.50 million during the quarter, compared to analyst estimates of $67.83 million. During the same period in the prior year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts expect that On Deck Capital will post ($0.65) earnings per share for the current year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $5.23, for a total transaction of $125,520.00. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Insiders own 35.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC acquired a new stake in On Deck Capital during the second quarter worth approximately $107,000. Nisa Investment Advisors LLC acquired a new stake in On Deck Capital during the second quarter worth approximately $118,000. BlackRock Advisors LLC raised its stake in On Deck Capital by 146.1% in the second quarter. BlackRock Advisors LLC now owns 23,420 shares of the company’s stock worth $121,000 after buying an additional 13,905 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University acquired a new stake in On Deck Capital during the second quarter worth approximately $124,000. Finally, KCG Holdings Inc. acquired a new stake in On Deck Capital during the second quarter worth approximately $137,000. 79.33% of the stock is currently owned by 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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