On Deck Capital Inc. (ONDK) Now Covered by Analysts at Guggenheim
Several other equities analysts have also weighed in on the stock. Macquarie assumed coverage on shares of On Deck Capital in a report on Thursday, May 26th. They set an outperform rating and a $6.50 target price on the stock. Keefe, Bruyette & Woods lowered shares of On Deck Capital from an outperform rating to a market perform rating and reduced their target price for the company from $6.50 to $6.00 in a report on Tuesday, May 31st. JPMorgan Chase & Co. restated a neutral rating on shares of On Deck Capital in a report on Friday, June 10th. Morgan Stanley restated a hold rating on shares of On Deck Capital in a report on Friday, June 10th. Finally, Jefferies Group restated a hold rating on shares of On Deck Capital in a report on Friday, June 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $8.25.
Shares of On Deck Capital (NYSE:ONDK) opened at 6.02 on Tuesday. The firm’s market capitalization is $426.96 million. On Deck Capital has a 52 week low of $4.20 and a 52 week high of $12.85. The stock has a 50 day moving average price of $5.96 and a 200 day moving average price of $6.06.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating 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 company earned $69.50 million during the quarter, compared to analysts’ expectations of $67.83 million. During the same period in the previous year, the company earned $0.10 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that On Deck Capital will post ($0.66) earnings per share for the current fiscal year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $4.92, for a total value of $118,080.00. Following the sale, the chief financial officer now owns 412,396 shares in the company, valued at approximately $2,028,988.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 35.80% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC bought a new stake in shares of On Deck Capital during the second quarter worth about $107,000. Nisa Investment Advisors LLC bought a new stake in shares of On Deck Capital during the second quarter worth about $118,000. BlackRock Advisors LLC raised its stake 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 worth $121,000 after buying an additional 13,905 shares during the period. Board of Trustees of The Leland Stanford Junior University bought a new stake in shares of On Deck Capital during the second quarter worth about $124,000. Finally, KCG Holdings Inc. bought a new stake in shares of On Deck Capital during the second quarter worth about $137,000. Institutional investors and hedge funds own 79.33% 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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