On Deck Capital, Inc. (NYSE:ONDK) Rating Increased to Sell at BidaskClub
On Deck Capital, Inc. (NYSE:ONDK) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also recently weighed in on ONDK. Jefferies Group LLC restated a “hold” rating and set a $5.00 price objective on shares of On Deck Capital in a research note on Friday, July 14th. Zacks Investment Research cut shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus lowered On Deck Capital from a “buy” rating to a “hold” rating and lowered their target price for the stock from $6.00 to $4.50 in a report on Tuesday, May 9th. FBR & Co lowered their target price on On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating on the stock in a report on Monday, May 15th. Finally, ValuEngine raised On Deck Capital from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.77.
On Deck Capital (NYSE:ONDK) traded up 1.300% during trading on Tuesday, hitting $5.065. 772,576 shares of the stock were exchanged. The company’s market cap is $367.13 million. The stock’s 50 day moving average is $4.50 and its 200-day moving average is $4.59. On Deck Capital has a one year low of $3.29 and a one year high of $6.46.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings data on Monday, August 7th. The credit services provider reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. On Deck Capital had a negative net margin of 25.33% and a negative return on equity of 28.89%. The business had revenue of $86.70 million for the quarter, compared to analysts’ expectations of $88.53 million. During the same period in the previous year, the business earned ($0.25) earnings per share. The company’s revenue was up 24.7% on a year-over-year basis. On average, equities research analysts expect that On Deck Capital will post ($0.02) earnings per share for the current fiscal year.
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In related news, CEO Noah Breslow purchased 14,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel S. Henson purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $3.58 per share, for a total transaction of $35,800.00. Following the purchase, the director now directly owns 70,272 shares in the company, valued at approximately $251,573.76. The disclosure for this purchase can be found here. Insiders purchased a total of 39,000 shares of company stock worth $139,280 in the last three months. 25.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. American International Group Inc. boosted 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 in the last quarter. Alpine Woods Capital Investors LLC boosted its position in shares of 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. Metropolitan Life Insurance Co. NY bought a new position in shares of On Deck Capital during the first quarter worth $182,000. Marshall Wace North America L.P. bought a new position in shares of On Deck Capital during the second quarter worth $220,000. Finally, Conservest Capital Advisors Inc. bought a new position in shares of On Deck Capital during the first quarter worth $234,000. 58.41% of the stock is currently 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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