Brokerages Set On Deck Capital, Inc. (NYSE:ONDK) Price Target at $5.76
Shares of On Deck Capital, Inc. (NYSE:ONDK) have been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $5.76.
A number of research analysts have weighed in on ONDK shares. Zacks Investment Research lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. ValuEngine raised shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Stifel Nicolaus lowered shares of On Deck Capital from a “buy” rating to a “hold” rating and cut their price target for the company from $6.00 to $4.50 in a research note on Tuesday, May 9th. Jefferies Group LLC cut their price target on shares of On Deck Capital from $5.40 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, May 10th. Finally, FBR & Co cut their price target on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 15th.
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On Deck Capital (ONDK) traded down 2.81% on Friday, reaching $4.50. 233,718 shares of the company’s stock traded hands. The firm’s market cap is $326.17 million. On Deck Capital has a 52-week low of $3.29 and a 52-week high of $6.46. The stock’s 50 day moving average is $4.01 and its 200 day moving average is $4.60.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Monday, May 8th. The credit services provider reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. On Deck Capital had a negative net margin of 25.33% and a negative return on equity of 28.89%. The firm had revenue of $92.90 million for the quarter, compared to analyst estimates of $90.18 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue was up 48.4% on a year-over-year basis. On average, equities research analysts predict that On Deck Capital will post ($0.03) EPS for the current fiscal year.
In other news, Director Daniel S. Henson bought 10,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of $3.58 per share, for a total transaction of $35,800.00. Following the completion of the acquisition, the director now owns 70,272 shares in the company, valued at $251,573.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Noah Breslow bought 14,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were purchased at an average price of $3.57 per share, for a total transaction of $49,980.00. Following the completion of the acquisition, the chief executive officer now owns 213,117 shares of the company’s stock, valued at approximately $760,827.69. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 39,000 shares of company stock worth $139,280. 25.40% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ONDK. American International Group Inc. increased its position in shares of On Deck Capital by 7.0% in the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock worth $149,000 after buying an additional 1,940 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of On Deck Capital during the first quarter worth $182,000. Two Sigma Investments LP purchased a new position in shares of On Deck Capital during the fourth quarter worth $190,000. Conservest Capital Advisors Inc. purchased a new position in shares of On Deck Capital during the first quarter worth $234,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of On Deck Capital by 92.5% in the first quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock worth $248,000 after buying an additional 23,623 shares during the last quarter. Institutional investors and hedge funds own 58.34% 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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