On Deck Capital Inc. (ONDK) Receives Consensus Rating of “Hold” from Analysts
Shares of On Deck Capital Inc. (NYSE:ONDK) have been assigned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.98.
Several equities research analysts have commented on the company. BTIG Research restated a “hold” rating on shares of On Deck Capital in a research note on Tuesday, August 9th. JMP Securities restated a “hold” rating on shares of On Deck Capital in a research note on Sunday, November 6th. JPMorgan Chase & Co. lowered their target price on On Deck Capital from $8.00 to $6.50 and set a “neutral” rating for the company in a research note on Tuesday, August 9th. Vetr upgraded On Deck Capital from a “buy” rating to a “strong-buy” rating and set a $5.75 target price for the company in a research note on Tuesday, August 2nd. Finally, Chardan Capital initiated coverage on On Deck Capital in a research note on Thursday, August 4th. They issued a “buy” rating and a $5.08 target price for the company.
On Deck Capital (NYSE:ONDK) traded down 0.62% during midday trading on Monday, reaching $4.78. The company had a trading volume of 45,469 shares. The firm’s market capitalization is $341.49 million. The firm’s 50-day moving average price is $4.77 and its 200 day moving average price is $5.28. On Deck Capital has a 12 month low of $3.64 and a 12 month high of $12.85.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The firm had revenue of $77.40 million for the quarter, compared to analyst estimates of $75.28 million. On Deck Capital had a negative return on equity of 16.33% and a negative net margin of 18.67%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Equities analysts anticipate that On Deck Capital will post ($0.68) earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake 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 during the period. BlackRock Fund Advisors increased its stake 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 during the period. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new stake in shares of On Deck Capital during the second quarter valued at about $4,311,000. Tricadia Capital Management LLC bought a new stake in shares of On Deck Capital during the second quarter valued at about $4,196,000. Finally, Clearline Capital LP bought a new stake in shares of On Deck Capital during the second quarter valued at about $3,680,000. 74.51% of the stock is currently owned by institutional investors and hedge funds.
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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