On Deck Capital, Inc. (NYSE:ONDK) released its quarterly earnings results on Monday. The credit services provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.09, Bloomberg Earnings reports. On Deck Capital had a negative return on equity of 28.89% and a negative net margin of 25.33%. The business had revenue of $86.70 million during the quarter, compared to analyst estimates of $88.53 million. During the same period last year, the business posted ($0.25) earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis.

Shares of On Deck Capital (NYSE ONDK) traded up 2.00% during mid-day trading on Tuesday, reaching $5.10. The company’s stock had a trading volume of 276,400 shares. On Deck Capital has a 52 week low of $3.29 and a 52 week high of $6.46. The firm’s market capitalization is $369.66 million. The firm has a 50-day moving average of $4.49 and a 200-day moving average of $4.59.

In other news, CEO Noah Breslow acquired 14,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of $3.57 per share, with a total value of $49,980.00. Following the purchase, the chief executive officer now owns 213,117 shares of the company’s stock, valued at approximately $760,827.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce P. Nolop acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $3.59 per share, with a total value of $35,900.00. Following the purchase, the director now directly owns 77,985 shares in the company, valued at approximately $279,966.15. The disclosure for this purchase can be found here. Insiders have purchased 39,000 shares of company stock valued at $139,280 over the last 90 days. 25.40% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in On Deck Capital by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 158,009 shares of the credit services provider’s stock worth $737,000 after buying an additional 931 shares in the last quarter. American International Group Inc. raised its position in 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 in the last quarter. Rhumbline Advisers raised its position in On Deck Capital by 13.0% in the second quarter. Rhumbline Advisers now owns 57,682 shares of the credit services provider’s stock worth $269,000 after buying an additional 6,620 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in On Deck Capital by 40.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock worth $163,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in On Deck Capital by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 198,316 shares of the credit services provider’s stock worth $1,000,000 after buying an additional 14,957 shares in the last quarter. 58.41% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on ONDK shares. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research report on Friday, May 12th. Stifel Nicolaus initiated coverage on On Deck Capital in a report on Wednesday, April 19th. They issued a “buy” rating and a $6.00 target price for the company. Jefferies Group LLC decreased their target price on On Deck Capital from $5.40 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Finally, FBR & Co decreased their target price on On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating for the company in a report on Monday, May 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.77.

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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.

Earnings History for On Deck Capital (NYSE:ONDK)

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