On Deck Capital (NYSE:ONDK) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 4th.
A number of other analysts also recently weighed in on ONDK. UBS Group raised shares of On Deck Capital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $9.00 to $11.00 in a report on Wednesday, November 28th. BTIG Research raised shares of On Deck Capital from a “sell” rating to a “neutral” rating and set a $7.00 price objective for the company in a research note on Monday, October 8th. Maxim Group initiated coverage on shares of On Deck Capital in a research report on Thursday, December 20th. They issued a “buy” rating for the company. Janney Montgomery Scott set a $12.00 price target on shares of On Deck Capital and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, B. Riley set a $14.00 price target on shares of On Deck Capital and gave the company a “buy” rating in a research report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. On Deck Capital presently has a consensus rating of “Hold” and a consensus price target of $9.25.
ONDK stock remained flat at $$6.14 during midday trading on Monday. 358,811 shares of the company’s stock traded hands, compared to its average volume of 853,099. The company has a quick ratio of 29.62, a current ratio of 29.62 and a debt-to-equity ratio of 2.80. On Deck Capital has a 12-month low of $4.86 and a 12-month high of $9.41. The firm has a market cap of $466.79 million, a price-to-earnings ratio of 14.28 and a beta of 1.93.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. On Deck Capital had a net margin of 6.95% and a return on equity of 12.07%. The company had revenue of $109.48 million for the quarter, compared to analyst estimates of $105.27 million. During the same period in the previous year, the business earned $0.10 EPS. On Deck Capital’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities analysts expect that On Deck Capital will post 0.31 earnings per share for the current fiscal year.
In other On Deck Capital news, Director Ronald F. Verni bought 6,000 shares of On Deck Capital stock in a transaction dated Tuesday, February 19th. The shares were purchased at an average cost of $5.89 per share, with a total value of $35,340.00. Following the transaction, the director now directly owns 84,283 shares of the company’s stock, valued at $496,426.87. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Noah Breslow purchased 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average price of $5.93 per share, for a total transaction of $47,440.00. Following the purchase, the chief executive officer now owns 730,644 shares in the company, valued at $4,332,718.92. The disclosure for this purchase can be found here. 21.40% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nantahala Capital Management LLC lifted its stake in On Deck Capital by 7.3% during the 4th quarter. Nantahala Capital Management LLC now owns 4,075,942 shares of the credit services provider’s stock valued at $24,048,000 after acquiring an additional 275,797 shares during the period. BlackRock Inc. lifted its stake in shares of On Deck Capital by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,674,855 shares of the credit services provider’s stock worth $21,683,000 after purchasing an additional 85,019 shares during the period. Renaissance Technologies LLC lifted its stake in shares of On Deck Capital by 49.4% in the 3rd quarter. Renaissance Technologies LLC now owns 3,587,800 shares of the credit services provider’s stock worth $27,160,000 after purchasing an additional 1,185,600 shares during the period. Vanguard Group Inc. lifted its stake in shares of On Deck Capital by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,576,612 shares of the credit services provider’s stock worth $27,075,000 after purchasing an additional 196,912 shares during the period. Finally, Vanguard Group Inc increased its holdings in On Deck Capital by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 3,576,612 shares of the credit services provider’s stock worth $27,075,000 after acquiring an additional 196,912 shares in the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
About On Deck Capital
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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