ValuEngine cut shares of On Deck Capital (NYSE:ONDK) from a buy rating to a hold rating in a research report report published on Wednesday.

Several other research firms have also recently weighed in on ONDK. Stephens reiterated a hold rating and issued a $8.00 price objective on shares of On Deck Capital in a report on Wednesday, August 8th. Janney Montgomery Scott set a $12.00 price objective on On Deck Capital and gave the stock a buy rating in a report on Tuesday, November 6th. B. Riley initiated coverage on On Deck Capital in a report on Wednesday, August 22nd. They issued a buy rating and a $14.00 price objective for the company. BTIG Research upgraded On Deck Capital from a sell rating to a neutral rating and set a $7.00 price objective for the company in a report on Monday, October 8th. Finally, UBS Group raised their target price on On Deck Capital from $6.50 to $9.00 and gave the company a neutral rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. On Deck Capital has an average rating of Hold and a consensus target price of $9.25.

NYSE ONDK opened at $7.24 on Wednesday. On Deck Capital has a fifty-two week low of $4.11 and a fifty-two week high of $9.41. The company has a debt-to-equity ratio of 2.80, a current ratio of 29.62 and a quick ratio of 29.62. The company has a market capitalization of $548.59 million, a price-to-earnings ratio of -45.25 and a beta of 1.54.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.11. On Deck Capital had a return on equity of 9.36% and a net margin of 4.97%. The business had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $98.32 million. During the same quarter last year, the business posted ($0.01) EPS. The business’s revenue was up 23.1% on a year-over-year basis. As a group, research analysts expect that On Deck Capital will post 0.38 earnings per share for the current year.

In other news, Director David Hartwig sold 105,825 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $8.30, for a total value of $878,347.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFG Advisory LLC purchased a new position in shares of On Deck Capital in the 3rd quarter valued at approximately $118,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of On Deck Capital in the 2nd quarter valued at approximately $118,000. Fox Run Management L.L.C. purchased a new position in shares of On Deck Capital in the 2nd quarter valued at approximately $158,000. MetLife Investment Advisors LLC lifted its stake in shares of On Deck Capital by 431.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 20,646 shares during the period. Finally, Ibex Investors LLC purchased a new position in shares of On Deck Capital in the 3rd quarter valued at approximately $214,000. Institutional investors own 77.83% of the company’s stock.

On Deck Capital Company Profile

On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.

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Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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