On Deck Capital Inc. (ONDK) Upgraded to “Strong-Buy” at Vetr Inc.
Vetr upgraded shares of On Deck Capital Inc. (NYSE:ONDK) from a buy rating to a strong-buy rating in a research note issued to investors on Monday. The firm currently has $6.60 price target on the stock.
Other analysts also recently issued research reports about the company. Jefferies Group reaffirmed a hold rating on shares of On Deck Capital in a research note on Friday, June 10th. BTIG Research reaffirmed a hold rating on shares of On Deck Capital in a research note on Tuesday, August 9th. Morgan Stanley reaffirmed a hold rating on shares of On Deck Capital in a research note on Friday, June 10th. JPMorgan Chase & Co. reduced their price objective on On Deck Capital from $8.00 to $6.50 and set a neutral rating on the stock in a research note on Tuesday, August 9th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $6.00 price objective on shares of On Deck Capital in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. On Deck Capital currently has an average rating of Hold and a consensus price target of $8.36.
On Deck Capital (NYSE:ONDK) opened at 5.55 on Monday. The company’s market cap is $393.62 million. On Deck Capital has a one year low of $4.20 and a one year high of $12.85. The company’s 50 day moving average price is $6.08 and its 200-day moving average price is $5.95.
On Deck Capital (NYSE:ONDK) last issued its earnings results on Monday, August 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. The company had revenue of $69.50 million for the quarter, compared to the consensus estimate of $67.83 million. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, analysts forecast that On Deck Capital will post ($0.65) EPS for the current fiscal year.
In other news, CFO Howard Katzenberg sold 24,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $5.23, for a total value of $125,520.00. Following the sale, the chief financial officer now owns 388,396 shares in the company, valued at $2,031,311.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 35.80% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of ONDK. Jacobs Levy Equity Management Inc. bought a new stake in shares of On Deck Capital during the first quarter worth approximately $201,000. Geode Capital Management LLC increased its position in shares of On Deck Capital by 7.2% in the first quarter. Geode Capital Management LLC now owns 227,683 shares of the company’s stock worth $1,773,000 after buying an additional 15,344 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of On Deck Capital during the second quarter worth about $118,000. Baillie Gifford & Co. increased its position in shares of On Deck Capital by 3.5% in the second quarter. Baillie Gifford & Co. now owns 2,231,608 shares of the company’s stock worth $11,492,000 after buying an additional 75,000 shares in the last quarter. Finally, State Street Corp increased its position in shares of On Deck Capital by 7.2% in the first quarter. State Street Corp now owns 181,899 shares of the company’s stock worth $1,419,000 after buying an additional 12,288 shares in the last quarter. Hedge funds and other institutional investors own 79.33% 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.
Receive News & Stock Ratings for On Deck Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital Inc. and related stocks with our FREE daily email newsletter.