Zacks Investment Research lowered shares of On Deck Capital Inc. (NYSE:ONDK) from a buy rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “On Deck Capital, Inc. is an on-line platform that uses a big data, analytic model to source, underwrite, and fund loans to small businesses. The Company offers online tools and resources including data aggregation and electronic payment technology, and to evaluate the health of small businesses. It’s small business loans include dental loans, restaurant loans, medical financing, restaurant financing, fast small business loans, fast small business financing, online small business loans, online applications for small business loans, small business loans online, retail capital, fast small business financing, short-term business loans, business equipment financing, small business equipment financing and merchant cash advance. On Deck Capital Inc. is based in United States. “

Other equities analysts have also recently issued reports about the company. Vetr upgraded On Deck Capital from a hold rating to a buy rating and set a $6.60 price target on the stock in a report on Monday, September 26th. Janney Montgomery Scott restated a fair value rating and set a $6.12 price target (down from $7.00) on shares of On Deck Capital in a report on Wednesday, August 24th. Jefferies Group restated a hold rating and set a $6.50 price target on shares of On Deck Capital in a report on Monday, July 25th. FBR & Co cut their price target on On Deck Capital from $6.50 to $6.00 and set a market perform rating on the stock in a report on Tuesday, August 9th. Finally, Canaccord Genuity restated a hold rating and set a $6.00 price target on shares of On Deck Capital in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. On Deck Capital currently has a consensus rating of Hold and an average price target of $8.04.

Shares of On Deck Capital (NYSE:ONDK) traded down 2.15% during trading on Wednesday, reaching $5.01. 9,601 shares of the company were exchanged. The company’s market capitalization is $355.32 million. On Deck Capital has a one year low of $4.20 and a one year high of $12.85. The firm’s 50 day moving average price is $5.92 and its 200 day moving average price is $5.87.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Monday, August 8th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. On Deck Capital had a negative return on equity of 9.58% and a negative net margin of 11.75%. The business had revenue of $69.50 million for the quarter, compared to analysts’ expectations of $67.83 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that On Deck Capital will post ($0.65) earnings per share for the current fiscal year.

In other news, CFO Howard Katzenberg sold 24,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $5.23, for a total transaction of $125,520.00. Following the completion of the transaction, the chief financial officer now owns 388,396 shares in the company, valued at approximately $2,031,311.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 35.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of On Deck Capital by 118.4% in the second quarter. FMR LLC now owns 2,967,958 shares of the company’s stock valued at $15,285,000 after buying an additional 1,609,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of On Deck Capital by 11.7% in the second quarter. Vanguard Group Inc. now owns 2,654,516 shares of the company’s stock valued at $13,670,000 after buying an additional 277,856 shares in the last quarter. 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 valued at $11,492,000 after buying an additional 75,000 shares in the last quarter. Elk Creek Partners LLC increased its position in shares of On Deck Capital by 15.3% in the second quarter. Elk Creek Partners LLC now owns 1,492,813 shares of the company’s stock valued at $4,495,000 after buying an additional 197,732 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of On Deck Capital by 347.0% in the second quarter. BlackRock Fund Advisors now owns 1,240,505 shares of the company’s stock valued at $6,389,000 after buying an additional 963,002 shares in the last quarter. Institutional investors and hedge funds 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.

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