On Deck Capital, Inc. (ONDK) Stock Rating Upgraded by BidaskClub
On Deck Capital, Inc. (NYSE:ONDK) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Friday, July 14th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $5.00 price objective on shares of On Deck Capital in a report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.00.
On Deck Capital (NYSE:ONDK) opened at 5.06 on Wednesday. The firm’s market cap is $370.05 million. On Deck Capital has a 52-week low of $3.29 and a 52-week high of $5.88. The company has a 50 day moving average price of $4.74 and a 200-day moving average price of $4.49.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.09. The business had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The firm’s revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.25) earnings per share. Equities research analysts anticipate that On Deck Capital will post ($0.02) EPS for the current year.
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In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total value of $116,179.14. Following the completion of the transaction, the executive now directly owns 154,440 shares of the company’s stock, valued at $713,512.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 25.40% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake 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 valued at $1,000,000 after acquiring an additional 14,957 shares during the period. Vanguard Group Inc. grew its stake in On Deck Capital by 7.7% in the first quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after acquiring an additional 220,242 shares during the period. Alpine Woods Capital Investors LLC grew its stake 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 valued at $163,000 after acquiring an additional 10,000 shares during the period. Geode Capital Management LLC grew its stake in On Deck Capital by 17.4% in the first quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock valued at $1,683,000 after acquiring an additional 49,524 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in 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 valued at $248,000 after acquiring an additional 23,623 shares during the period. 53.77% of the stock is owned by hedge funds and other institutional investors.
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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