Somewhat Favorable Media Coverage Somewhat Unlikely to Impact On Deck Capital (NYSE:ONDK) Share Price
Press coverage about On Deck Capital (NYSE:ONDK) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. On Deck Capital earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 46.5306661477818 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- On Deck Capital, Inc. (NYSE:ONDK) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- On Deck Capital, Inc. (NYSE:ONDK) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Edited Transcript of ONDK earnings conference call or presentation 7-Aug-17 12:00pm GMT (finance.yahoo.com)
- On Deck Capital, Inc. (ONDK) Issues Earnings Results, Beats Estimates By $0.04 EPS (americanbankingnews.com)
- On Deck Capital Inc : Investor Network: On Deck Capital, Inc. to Host Earnings Call (4-traders.com)
On Deck Capital (ONDK) traded down 1.45% during midday trading on Friday, reaching $4.77. 466,702 shares of the company’s stock traded hands. The firm’s market cap is $348.84 million. The stock’s 50 day moving average price is $4.57 and its 200 day moving average price is $4.59. On Deck Capital has a 1-year low of $3.29 and a 1-year high of $6.46.
On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The company had revenue of $86.70 million during the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.25) earnings per share. Equities research analysts anticipate that On Deck Capital will post ($0.02) EPS for the current year.
Several analysts have recently commented on ONDK shares. BidaskClub raised shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Saturday. Jefferies Group LLC restated a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Friday, July 14th. Stifel Nicolaus lowered shares of On Deck Capital from a “buy” rating to a “hold” rating and cut their price objective for the company from $6.00 to $4.50 in a report on Tuesday, May 9th. Finally, FBR & Co cut their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.72.
In other On Deck Capital news, CEO Noah Breslow bought 14,000 shares of the business’s stock in a transaction on Friday, May 26th. The stock was purchased at an average price of $3.57 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the chief executive officer now directly owns 213,117 shares of the company’s stock, valued at $760,827.69. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel S. Henson bought 10,000 shares of the business’s stock in a transaction on Friday, May 26th. The shares were acquired at an average price of $3.58 per share, with a total value of $35,800.00. Following the transaction, the director now directly owns 70,272 shares of the company’s stock, valued at $251,573.76. The disclosure for this purchase can be found here. Insiders have acquired 39,000 shares of company stock valued at $139,280 in the last quarter. Company insiders own 25.40% of the company’s stock.
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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