Shares of On Deck Capital, Inc. (NYSE:ONDK) dropped 5.6% during trading on Tuesday . The stock traded as low as $5.86 and last traded at $5.89. Approximately 512,900 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 472,664 shares. The stock had previously closed at $6.24.

ONDK has been the subject of several research reports. Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. BTIG Research reiterated a “hold” rating on shares of On Deck Capital in a research note on Tuesday, November 7th. BidaskClub upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus lifted their price target on On Deck Capital from $5.00 to $5.50 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Finally, Canaccord Genuity restated a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a research note on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $5.20.

The company has a debt-to-equity ratio of 2.78, a quick ratio of 26.96 and a current ratio of 26.95.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings results on Monday, November 6th. The credit services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $83.67 million during the quarter, compared to the consensus estimate of $84.49 million. On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. research analysts anticipate that On Deck Capital, Inc. will post -0.22 EPS for the current year.

In other news, CEO Noah Breslow purchased 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were purchased at an average price of $4.94 per share, with a total value of $59,280.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.40% of the company’s stock.

A number of large investors have recently made changes to their positions in ONDK. Voya Investment Management LLC grew its position in On Deck Capital by 28.4% in the second quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 6,202 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of On Deck Capital by 58.2% during the second quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after acquiring an additional 11,751 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of On Deck Capital by 13.4% during the second quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after acquiring an additional 4,010 shares during the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of On Deck Capital by 40.0% during the second quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of On Deck Capital during the third quarter valued at about $169,000. Institutional investors own 56.55% of the company’s stock.

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On Deck Capital Company Profile

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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